HSBC recoups some of yesterday’s decline

Fresh bids helped the equity of HSBC Bank Malta plc to recover some of yesterday’s 3.1% drop with a 1.7% increase to regain the €2.75 level across three trades totalling 11,000 shares. The Bank will be publishing its 2012 full-year results on 4 March.

Positive movements also registered in RS2 Software plc and MaltaPost plc albeit on insignificant volumes. RS2’s share price edged a further 2.4% higher to reach yet another all-time high of €0.84 on a small deal of 250 shares. The postal operator moved 2.2% higher to close at a new 7-month high of €0.92 across 218 shares. MaltaPost plc is scheduled to hold its Annual General Meeting tomorrow morning during which shareholders will be asked to approve a number of resolutions including the final net dividend of €0.04 per share as well as the option to take up the dividend in the form of cash or in new shares at the attribution price of €0.70 per share.

Meanwhile, Bank of Valletta plc held on to the €2.45 level ahead of the 1 for 9 bonus issue cut-off date of next Monday 14 January. Just over 25,000 shares changed hands today with lowest offers now pitched at the €2.445 level.

Similarly, Crimsonwing plc shares continued to trade at the equity’s 5-year high of €0.57 across three trades totalling 65,479 shares. Almost 3% of the IT equity’s outstanding shares changed hands since the CEO David Walsh revealed, in October 2012, new major international contracts which should help Crimsonwing register higher profits during the current financial year ending 31 March 2013 and also spearhead the Group to achieve the €2 million pre-tax profit target in the financial year ending 31 March 2014.

The share price of Malta International Airport plc ended this morning’s session unchanged at the €1.80 level on low volumes of 1,125 shares. The airport operator is shortly expected to publish its 2012 passenger numbers which are widely expected to be a new record for the third consecutive year.

GO plc shares also held on to the €1.20 level across three trades totalling 7,000 shares across three deals.

On the bond market, the positive trend in the Rizzo Farrugia MGS Index entered its fourth successive day with a further 0.1% jump to yet another 26-month high of 1,006.312 points. This reflects the extended decline in the benchmark 10-year German Bund yields to the 1.47% level on the back of a successful German bond-auction, the first for 2013, which highlighted the appetite for safe-haven assets. Germany managed to comfortably sell almost €4.1 billion worth of 5-year paper with tight price ranges.