High volumes traded in Crimsonwing

Crimsonwing plc continued to trade near its all-time high as a further 135,000 shares changed hands during this morning’s session at the €0.74 level, unchanged from the previous close. Over 2.7 million shares of Crimsonwing, representing 9.4% of the Company’s issued shares, changed hands since the start of 2013 as the equity’s price rallied by 51% on the back of improved financial results and its immediate outlook. Crimsonwing is scheduled to hold its Annual General Meeting on 16 October during which shareholders will be asked to approve a number of resolutions including the final gross dividend of €0.01 per share. The equity will turn ex-dividend on Friday 18 October.

Similarly, no change was registered in the share price of MaltaPost plc as the equity ended this morning’s session at the €1.10 level – minimally below its all-time high. A total of 11,000 shares traded today.

In the property sector, Plaza Centres plc also ended the session unchanged at €0.56 across 44,000 shares and Malita Investments plc held on to its IPO price of €0.50 on volumes of 40,000 shares.

Meanwhile, HSBC Bank Malta plc inched 0.2% higher to €2.35 on low volumes of 4,552 shares. New demand lifted the share price of RS2 Software plc 1.6% higher to €1.879 across three deals totalling 6,110 shares. Next week the company will be convening an Extraordinary General Meeting.

The only other positive performing equity was Middlesea Insurance plc with a 6.3% jump to the €0.85 level on a single trade of 8,756 shares.

On the other hand, Bank of Valletta plc shed 0.8% to drop back to the €2.35 level on low volumes of 4,552 shares.

Medserv plc also ended this morning’s session in negative territory as a single deal of 1,500 shares was executed at a new 4-year low of €3.50 representing a 2.8% drop from the previous close.

On the bond market, the Rizzo Farrugia MGS Index edged minimally higher to 1,019.783 points as the benchmark 10-year Eurozone yields retreated to the 1.91% level following worse-than-expected data on German business sentiment.