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  • Most of the equities active during this morning’s session closed higher lifting the MSE Share Index up 0.7% to a fresh 2-year high of 3,411.427 points. Download a copy of the Equity Market Summary. Over the week, the local equity benchmark edged 0.6% higher.
  • On the bond market, the Rizzo Farrugia MGS Index edged 0.1% higher to a fresh 4-week high of 1,021.148 points as Eurozone yields continued to retreat below the 1.55% level. The benchmark 10-year German Bund yield reversed this week’s earlier increases reflecting investor preferences for ‘safe-haven’ assets over the riskier peripheral bonds in view of the possible reduction in liquidity as central banks may start to reduce monetary stimulus. 
  • The equity of RS2 Software was once again the star performer with a further 6.3% jump to reach the €1.275 level across six trades totalling 52,000 shares. On Wednesday, RS2 held its Annual General Meeting during which it was revealed that a large bank based in the UK is interested in acquiring not less than 10% of the Company’s outstanding shares. Coupled with the growing business pipeline for the Group, the equity has surged by 83.1% since the start of 2013.
  • In the banking sector, BOV edged 0.4% higher to regain the €2.28 level on almost 16,000 shares.
  • Similarly, HSBC moved 0.7% higher to close the session at the €2.73 level on low volumes of 1,270 shares.
  • Lombard Bank’s share price edged 2.9% higher to the €1.75 level across two deals totalling 5,300 shares.
  • MIA shares also closed in positive territory with a 1.2% uplift to recapture the €2.04 level across 3,400 shares.
  • The only other positive performing equity today was Simonds Farsons Cisk with a 3.8% jump to a new all-time high of €2.75 on a single deal of just 485 shares. Farsons will be holding its AGM next week.
  • Meanwhile, Crimsonwing held on to the €0.58 level on a single deal of 10,000 shares as investors await the publication of the results for the financial year ended 31 March 2013.
  • Plaza Centres also traded unchanged €0.57 on low volumes of 3,800 shares.

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