• The MSE Share Index dropped 0.3% from the highest level since April 2011 as the two large caps traded lower. Meanwhile, Crimsonwing traded up to a new record level and Medserv dropped to a 2013 low of €3.70. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index eased lower once again – the sixth consecutive decline in the Index. Most MGS’s were priced marginally lower by the Central Bank with minimal changes taking place across international bond markets.
  • Bank of Valletta plc’s equity failed to hold on to last week’s multi-year high. The share priced eased 0.4% lower to €2.331 on activity totalling 37,000 shares.
  • HSBC Bank Malta plc dropped back to the €2.70 level on 6 trades amounting to 24,000 shares. The Bank will be publishing its interim results next Monday 5 August.
  • The share price of Crimsonwing plc jumped a further 7.8% today to close at a new record level of €0.69 on volumes of 16,850 shares. The market reacted positively to the publication of the March 2013 full-year results and the re-instatement of a dividend with a share price hike of 11.3% over the last two trading sessions. On Thursday afternoon Crimsonwing revealed a record pre-tax profit of just below €1 million and confirmed that during the first quarter (April to June) of the current financial year (ending 31 March 2014) like-for-like revenues grew by 16% to €5.02 million and like-for-like EBITDA jumped by 44% to €570,000 (2012: €395,000).  
  • FIMBank plc dropped 1% to US$0.99 level on a single deal of 5,000 shares. Today, an additional 36.3 million shares were issued to United Gulf Bank pursuant to the loan agreement and the announcement of 4 July.  
  • The share price of Medserv plc dropped 2.6% to a new 2013 low of €3.70 on very low activity. The company recently announced that it was not awarded the tender submitted to operate a base for the oil industry in Tanzania.


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