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  • The MSE Share Index jumped 0.9% during this morning’s session to reach a fresh 7-year high of 4,155.626 points as various equities trended in positive territory. Download a copy of today’s Equity Market Summary.
  • On the secondary market for local Government bonds, the Rizzo Farrugia MGS Index trended in positive territory for the fourth consecutive session with a further 0.2% increase to a 3-week high of 1,121.067 points . This is in line with the further declines in the 10-year yields of Spain and Italy which have moved below the 2% level for the first time since early June.
  • Earlier this week, 6pm Holdings plc published a Prospectus dated 8 July 2015 in connection with a new €13 million bond issue. The 6pm bonds are reserved for shareholders as at the close of trading on 4 June 2015.
  • Most notably, the equity of HSBC Bank Malta plc moved 3.9% higher to regain the €1.85 level across ten deals totalling 22,518 shares. The Bank is scheduled to publish its interim results on Monday 3 August 2015.
  • The share price of Malta International Airport plc trended higher for the fourth consecutive session with a further 1.4% increase during today’s session to reach a new all-time high of €3.55 across eleven deals totalling 41,579 shares. The airport operator is shortly expected to issue its June traffic results and updated passenger forecasts for 2015. Meanwhile, the interim financial statements will be published on 29 July 2015.
  • Likewise, RS2 Software plc gained 1.4% to hit a new all-time high of €2.25 on volumes of 68,080 shares.
  • Similarly, new bids lifted the share price of GO plc by a further 0.6% to a fresh 9-year high of €3.60 across fourteen deals totalling 48,170 shares. The telecoms quad-play operator is scheduled to hold an extraordinary general meeting (EGM) on 22 July 2015 in connection with the proposed property spin-off.
  • A new high was also registered by the equity of Simonds Farsons Cisk plc at the €4.95 level representing a 6.5% jump from the previous closing price albeit on a small trade of 101 shares. The Farsons Group is also in the process of undertaking a property spin-off with an Extraordinary General Meeting (EGM) expected to be held at the end of 2015.
  • MaltaPost plc shares also featured amongst today’s positive performers with a 0.6% increase to recapture the €1.51 level on a single trade of 1,015 shares.
  • On the other hand, the share price of Bank of Valletta plc eased 0.8% back to the €2.281 level on volumes of 29,675 shares.
  • Also in the financial sector, FIMBank plc’s equity retreated by 3.2% back to the USD0.451 level across 15,823 shares. The trade specialist yesterday announced the appointment, subject to regulatory approval, of Mr Muralidhar Rama Subramanian as the Group’s new CEO. whilst acting CEO Mr Simon Lay has been appointed Deputy CEO of the Group.
  • The only other negative performing equity was MIDI plc with a 0.6% slip back to the €0.34 level on shallow volumes of 1,600 shares.
  • Meanwhile, no changes were registered in the share prices of Tigné Mall plc (€0.86) on a single trade of 22,000 shares and Mapfre Middlesea plc (€1.67) on low volumes of 5,000 shares.

 

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