High volumes traded in Island Hotels Group shares

The equity of Island Hotels Group Holdings plc experienced high trading activity with a total of 274,170 shares (equivalent to 0.75% of the total share capital) changing hands during this morning’s session with the share price rising by 3.1% to the €0.536 level. Recently, the Group published its half-year results revealing a €2 million loss during its shoulder months ended 30 April 2013.

On the other hand, FIMBank plc slid 2.4% back to the US$1.00 level on volumes of 26,595 shares. Lower volumes were transacted in International Hotel Investments plc with the equity retreating by 2.2% to the €0.90 level on a small deal of 931 shares. Similarly, the share price of RS2 Software plc eased minimally lower to €1.279 on low volumes of 7,927 shares.

In the banking sector, Bank of Valletta plc held on to the €2.275 level across 13,910 shares and Lombard Bank Malta plc closed unchanged at the €1.80 level on a trade of 4,500 shares.

Also, no change was recorded in the share price of Malta International Airport plc with 7,300 shares changing hands at the equity’s all-time high of €2.05. This morning, Ryanair announced that it will be adding Krakow, Liverpool and Milan to its winter schedule.

Likewise, Simonds Farsons Cisk plc ended this morning’s session unchanged at the €2.76 level across one trade totalling 2,480 shares.

On the bond market, the Rizzo Farrugia MGS Index trended higher for the third consecutive session to 1,020.642 points as the benchmark 10-year Bund yield continued to decline to the 1.7% level as demand for sovereign bonds was reignited this week in view of reassurances that both the US Federal Reserve and European Central Bank are ready to continue supporting their respective economies.