GO rebounds on increased volumes

During today’s session at the Borza, GO plc almost completely reversed yesterday’s dip in share price, as a total of 29,248 shares traded across 16 deals to push the price up by 3% to the €2.595 level. This increase led to a 0.2% rise in the MSE Share Index to 3,313.952 points.

On the other hand, the share price of MIDI plc slipped by 4.6% as three deals for a total of 344,000 shares tipped the price to the €0.21 level – a fresh all-time low.

Meanwhile, Bank of Valletta plc closed unchanged at the €2.25 level across 20 deals totalling 125,451 shares. Similarly, 9,505 shares of HSBC Bank Malta plc traded unchanged at the €1.96 price level.

Likewise, International Hotel Investments plc ended today’s session unchanged at the €0.56 level across 3 deals of 27,500 shares. The share price of Malta International Airport plc also ended this morning’s session unchanged at the €2.33 level on volumes of 16,688 shares.

On the bond market, the Rizzo Farrugia MGS Index inched marginally lower to 1,091.049 points as Eurozone benchmark yields trended slightly higher between yesterday afternoon and today, on the back of the ECB statement envisaged to stimulate growth in the Euro region.

Locally, PTL Holdings plc on Wednesday issued a formal notice with respect to a new €36 million unsecured bond carrying a coupon of 5.1% and maturing in 2024. PTL Holding has three main subsidiaries, namely: SAD (the largest Apple distributor in Poland), APCO (provides electronic payments transaction processing services under the brand name APCOPAY and supplies ATMs, POS terminals, plastic cards as well as other cash-handling equipment) and PTL (a multi-branded IT solutions provider).