MSE Share Index regains the 3,300 points level

During the last session of this week, the MSE Share Index climbed 0.3% to 3,302.525 points level on the back of increases in the share prices of Bank of Valletta plc and RS2 Software plc. BOV’s equity edged 1% higher to recapture the €2.09 level across seven deals totalling 22,103 shares. Similarly, the share price of RS2 Software plc advanced by 2% to regain the €2.50 level on lower volumes of 7,300 shares.

On the other hand, GO plc eased 0.5% lower to the €2.21 level on just 1,000 shares. Earlier this week, GO announced that its Board of Directors unanimously resolved to inform Forgendo Limited (the joint-venture between GO and EITL holding the investment in Forthnet) to convert the interest free loan into additional equity of Forgendo. GO had made available this interest free loan in January 2014 to enable Forgendo to participate in Forthnet’s rights issue. Forgendo will therefore continue to be jointly held by GO and EITL.

Meanwhile all the other five active equities ended the session unchanged. HSBC Bank Malta plc recovered from an intra-day low of €2.001 to end the session unchanged at the €2.01 level across 10,645 shares. Also in the banking sector, Lombard Bank Malta plc held on to the €1.465 level on just 54 shares.

Low volumes were also transacted in Malta International Airport plc as the airport operator maintained the €2.275 level on only 500 shares. MIA announced today that its interim financial statements will be published on 30 July.

Likewise, in the property market, MIDI plc (8,214 shares) and Malita Investments plc (15,000 shares) traded unchanged at €0.24 and €0.55 respectively.

On the bond market, the Rizzo Farrugia MGS Index again eased marginally lower to 1,058.129 points as Eurozone yields slightly rebounded this morning to recapture the 1.2% level possibly on some profit taking following yesterday’s sharp downward correction.