GO’s share price continues to advance

The share price of GO plc advanced for the ninth time in the past twelve sessions with a further 1.5% increase during this morning’s session to regain the €1.645 level across ten deals totalling 71,889 shares. Shareholders are still awaiting the publication of Forthnet’s Prospectus in connection with a €30 million rights issue. Following the publication of this document, GO’s Directors will decide whether or not to participate in this capital-raising exercise.

On the other hand, the equity of HSBC Bank Malta plc slid 1.2% back to the €2.55 level across eight deals totalling 27,700 shares. The drop in HSBC’s share price led to a 0.2% decline in the MSE Share Index to 3,502.528 points.

Trading activity across the other active equities was mild. Bank of Valletta plc held on to the €2.60 level on just 5,600 shares ahead of the Bank’s Annual General Meeting which is scheduled to be held on 19 December.

The equity of Malta International Airport plc eased 0.7% from its all-time high of €2.145 to €2.13 on two trades totalling only 615 shares.

The only other active equity was Medserv plc with 2,000 shares changing hands again at the €3.35 level.

On the bond market, the Rizzo Farrugia MGS Index edged minimally higher to a 3-week high of 1,022.283 points as Eurozone yields eased due to the political uncertainty in Italy. Former Prime Minister Silvio Berlusconi explained that his party is still uncertain on whether it will support the government on the budget vote.