Pg 1 of 2131234Last »
  • The MSE Share Index climbed higher for the fifth consecutive session with a further 0.5% increase to 3,194.37 points as the declines in Crimsonwing and Farsons were more than offset by the increases in the share prices of the other active equities including BOV and IHI. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index eased back below the 1,000-points level as Eurozone yields this morning surpassed the 1.4% level following last nights’ agreement between the Eurozone and the International Monetary Fund (IMF) which will grant Greece access to the next tranche of aid. However, yields in Germany have been very volatile as the IMF declared that it will only release its share of aid after it is satisfied that a bond buy back of Greek debt has been completed in the coming weeks. No details have been published in this respect thus creating uncertainty on the mechanics of how Greece will obtain the necessary financial aid.
  • The consistent rally in the equity of Crimsonwing came to a halt during this morning’s trading session as its share price eased lower for the first time in a month. Crimsonwing’s shares retreated by 4.7% to €0.405 across 69,000 shares ahead of the Group’s interim results which should be published by the end of this week. In view of the restructuring undertaken in the previous financial year and in line with recent comments by the CEO David Walsh, Crimsonwing is expected to report improved financial results for the six months ended 30 September 2012.
  • Similarly, Farsons shares also gave back some of its recent gains as its share price eased from its all-time high of €2.43 back to the €2.40 level across two trades totalling 2,425 shares. In the coming weeks, the Farsons Group is expected to publish its Interim Directors’ Statement to update the market on its performance in the months following the end of its half-year on 31 July 2012. During the first six months of the current financial year, the Farsons Group registered a record net profit of €3.78 million mainly reflecting the growth in its own brands, Cisk and Kinnie.
  • Meanwhile, IHI continued to recoup from this month’s earlier declines as new bids lifted the equity a further 2.4% higher to regain the €0.87 level across 16,729 shares.
  • BOV also ended up in positive territory today as the equity advanced for the fourth consecutive session with a further 0.4% increase to €2.42 on low volumes of 2,500 shares.
  • Also in the banking sector, Lombard Bank edged 1.1% higher to regain the €1.80 level across five trades totalling 6,470 shares.
  • Likewise, the share price of RS2 Software gained 0.8% to the €0.655 level across two trades totalling 35,741 shares.
  • The equity of Plaza Centres jumped 3.9% higher to the €0.54 level on volumes of 32,500 shares.


Responses are currently closed, but you can trackback from your own site.