GO extends recent upward trend

New demand emerged during this morning’s trading session on the Borza helping the share price of GO plc rise by a further 1.2% to yet another 2-year high of €1.68 across four deals totalling 10,559 shares. GO has yet to announce a date for the publication of its interim financial statements.

The only other positive performing equity was Island Hotels Group Holdings plc which jumped 4.6% to a fresh 2013 high of €0.69 on a trade of 10,000 shares.

On the other hand, the share price of Bank of Valletta plc eased another 0.5% lower to drop back to the €2.32 level on a small deal of 1,540 shares.

Meanwhile, HSBC Bank Malta plc held on to the €2.70 level on volumes of 7,700 shares and Lombard Bank Malta plc closed unchanged at the €1.85 level across 1,099 shares. Both banks are scheduled to present their half-year figures in the coming weeks with HSBC on 5 August and Lombard on 22 August.

Similarly, Malta International Airport plc traded unchanged at the €2.04 level on two deals totalling 7,000 shares ahead of the airport operator’s interim results publication on 7 August.

Also no change was registered in the closing price of Crimsonwing plc with over 64,000 shares changing hands during this morning’s session. The share price initially eased to an intra-day low of €0.67 before eventually recovering thereby maintaining its all-time high of €0.69.

On the bond market, the Rizzo Farrugia MGS Index eased lower for the seventh consecutive session with a further marginal decline to 1,025.098 points as the benchmark 10-year Eurozone yield continued to inch higher to reach the 1.67% level. Reduced volatility was evident across international bond markets in recent days as investors await guidance from the US Federal Reserve, the European Central Bank and the Bank of England all of whom are scheduled to hold their monetary policy meetings this week.