• The MSE Share Index moved 0.1% higher to 3,342.765 points largely due to the gains in GO and RS2. Lombard Bank and FIMBank also in positive territory whilst HSBC trended lower. Meanwhile, the other three active equities, including BOV and MIA, ended the session unchanged. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index jumped 0.2% to reach yet another all-time high of 1,080.887 points as Eurozone yields slipped back to the 1.05% level this morning following yesterday’s announcement by the Organisation for Economic Cooperation and Development (OECD). The international organisation lowered its growth forecasts for major developed economies (including the Eurozone) and called on the European Central Bank (ECB) to take more aggressive action. By this afternoon, yields dropped even further as Germany’s investor sentiment fell to a 2-year low probably reflecting the adverse effects of the Ukraine-Russia conflict (including the sanctions imposed by the West on the Kremlin) on Europe’s largest economy.
  • The equities of RS2 Software and GO extended their positive run as they continue to significantly outperform the other local equities with year-to-date gains approaching the 40% level. The share price of RS2 climbed by 3.5% to yet another fresh all-time high of €2.95 on high volumes totalling 62,400 shares. Similarly, GO’s share price advanced by 1.2% to a new 6-year high of €2.55 across five deals totalling 13,100 shares.
  • Lombard Bank continued to recover from recent multi-year lows with a 3.1% uplift to regain the €1.649 level across 11,430 shares.
  • Similarly, FIMBank recovered from an intra-day low of USD0.602 to end the session marginally higher at the USD0.665 level on almost 50,000 shares.
  • On the other hand, HSBC slipped 1% back to the €1.98 level on volumes of 30,770 shares.
  • Meanwhile, the share price of BOV closed this morning’s session unchanged at the €2.24 level on low volumes of 2,050 shares.
  • MIA held on to its all-time high of €2.35 on a single trade of 10,000 shares.
  • Likewise, 3,900 Medserv shares traded unchanged at the €1.275 level.

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