Malita reaches new all-time high

The share price of Malita Investments plc advanced by 1.9% during this morning’s session to a new all-time high of €0.55 across four deals totalling 45,200 shares. Today, Malita paid out the recently approval final net dividend of €0.0201 per share.

Bank of Valletta plc also performed positively with its share price climbing by 1.3% to regain the €2.36 level on volumes of just over 14,600 shares. The Bank is scheduled to publish its interim results on Friday 25 April.

Similarly, GO plc rose by 2% to recapture the €2.00 level on volumes of 15,893 shares. Likewise, Simonds Farsons Cisk plc edged minimally higher to €2.931 on shallow volumes of 755 shares.

In the IT sector, 6pm Holdings plc climbed by 6.4% higher to GBP0.75 (the highest ever closing price) across 32,000 shares. Yesterday evening, the 6pm Group published its 2013 full-year results revealing a 45.2% increase in net profit to GBP0.74 million largely driven by the 29.2% growth in revenues to GBP9.25 million given the contracts secured with a number of NHS trusts and hospitals in the UK. The Directors recommended a final net dividend of GBP0.02 per share as well as 1 for 25 bonus share issue to all shareholders as at the close of trading on 15 May 2014.

On the other hand, Malta International Airport plc continued to retreat from its all-time high of €2.35 with a further 0.4% drop back to the €2.311 level on a single deal of 2,800 shares. Similarly, the equity of RS2 Software plc failed to hold on its all-time high of €2.43 as it eased 0.4% lower to €2.42 on a small deal of 250 shares. The IT Company is scheduled to publish its 2013 full-year results next Tuesday 22 April.

Meanwhile, the only other active equity was HSBC Bank Malta plc which maintained the €2.380 level on volumes of 11,855 shares. The Bank is scheduled to hold its Annual General Meeting tomorrow.

On the bond market, following three consecutive sessions of increases, the Rizzo Farrugia MGS Index eased minimally lower to 1,031.362 points as Eurozone yields rebounded to 1.532% this morning as the Ukrainian government is willing to negotiate with pro-Russians occupying government buildings in the country’s eastern region. However, by this afternoon, the benchmark yields in the region slipped back to the 1.52% level as German investor sentiment fell for the fourth month in a row.