Farsons at new all-time closing high

The equity of Simonds Farsons Cisk plc was the sole positive performer during this morning’s trading session with a 1.4% increase closing at a new all-time time high of €2.80 on very low volumes of 804 shares. After the recent Annual General Meeting, Farsons unveiled its vision for the 23,000 square metres of land on the front of the Mriehel site. The development, which will take place over a number of years following a further 18 months of studies, is being labelled ‘Farsons Business Park’ and will comprise a visitors centre and a business centre all complemented with a car park, bars and restaurants.

Meanwhile, all other active equities ended the session unchanged. In the financial sector, Bank of Valletta plc recovered from an intra-day low of €2.26 to end the session unchanged at the €2.27 level across 18,358 shares.

Elsewhere, GO plc held on to the €1.53 level across three deals totalling 11,500 shares and International Hotel Investments plc continued to trade at the €0.90 level on volumes of more than 10,000 shares.

Similarly, Grand Harbour Marina plc maintained the €1.95 level on a small deal of 505 shares.

On the bond market, the Rizzo Farrugia MGS Index edged 0.1% higher to 1,020.078 points as the benchmark 10-year Bund yield slid back to the 1.70% ahead of this week’s monthly monetary policy meeting of the European Central Bank (ECB) scheduled to be held on Thursday 4 July.