High volumes in Crimsonwing shares

Trading activity in Crimsonwing plc increased during this morning’s session with the share price rising minimally higher to €0.74 across three trades totalling 153,100 shares. The IT equity is still trading with the entitlement to the final gross dividend of €0.01 per share which is subject to shareholder approval at the upcoming Annual General Meeting scheduled to be held on 16 October 2013.

The equity of Island Hotels Group Holdings plc also continued to improve with a 6.9% increase to regain its 2013 high of €0.77 across twelve deals totalling 32,000 shares.

On the other hand, the share price of Malta International Airport plc continued to drift lower with a decline of a further 1.1% to the €1.88 level on low volumes of 3,600 shares. The airport operator is scheduled to pay its net interim dividend of €0.03 per share by 23 September.

Similarly, the share price of Middlesea Insurance plc eased 1.2% lower to €0.80 on a trade of 5,000 shares.

Meanwhile, for the second consecutive session, the share prices of the two large banks ended the session unchanged. Bank of Valletta plc held on to the €2.38 level on just 350 shares and HSBC Bank Malta plc maintained the €2.60 level across two trades totalling 2,734 shares.

On the bond market, the Rizzo Farrugia MGS Index edged 0.1% higher to a new 2-week high of 1,023.444 points as the benchmark 10-year Eurozone yields continued to slide lower to 1.84% given the increased likelihood of a military strike by Western allies on Syria.