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  • The MSE Share Index edged 0.4% higher to 3,498.951 points as the 25% jump in the share price of RS2 coupled with the 1% increase in Malita shares offset the declines in FIMBank, MIA and IHI. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index dropped for the fourth successive session with a further 0.2% decline to a new 6-week low of 1,021.707 points in line with the uplift in Eurozone yields to the 1.824% level for the first time since late June. The latest upturn in the benchmark 10-year Bund yields reflects the better-than-expected gross domestic product (GDP) data by Germany and France. The data showed that the economies of these two countries grew faster than that of the United States in the second quarter of 2013 to help the Eurozone move out its seven quarter long recession.
  • The share price of RS2 Software surged by 25% during this morning’s session to a new all-time high of €1.75 following the record interim profits revealed in yesterday evening’s announcement. The RS2 Group registered a record net profit of €3.7 million as it accounted for part of the recently announced licence agreement with a leading European bank worth GBP8.5 million. The results also included the initial contribution from the newly set up subsidiary, RS2 Smart Processing Ltd which generated €0.38 million in revenues between April and June. In the commentary, the Directors noted that the Group is in discussions for further licence sales and processing services. Further details on results available here.
  • Malita Investments also closed in positive territory with a 1% increase to €0.525 across three deals totalling 20,000 shares. Malita also published its 2013 half-year results yesterday revealing a net profit of €5.5 million. The company declared a gross interim dividend of €0.01476 per share. The equity will trade with the entitlement to the dividend until next Friday 16 August. Further details on results available here.
  • On the other hand, FIMBank eased 0.4% lower to US$0.951 following the announcement of the US$6.98 million loss registered during the first six months of 2013 largely due to impairments in the Group’s banking book and adverse movements in the forfaiting and investment books. A single trade of 1,000 shares was executed during this morning’s session with no more bids in the market. Further details on results available here.
  • The share price of MIA also drifted 0.9% lower back to the €2.00 level as the equity turned ex-dividend. A trade of 10,000 shares was executed during this morning’s session. The net interim dividend of €0.03 per share will now be paid on 23 September 2013.
  • The only other active equity was IHI with a 0.1% drop to €0.889 on low volumes of 500 shares.
  • Tomorrow no trading session will be held as it is a public holiday. Trading will resume on Friday 16 August.

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