MSE Share Index up for third successive session

The MSE Share Index trended higher for the third consecutive session as RS2 Software plc recorded a new high and other equities approached their respective all-time highs. The local equity benchmark edged by a further 0.1% during this morning’s session to 3,493.679 points.

The equity of RS2 Software plc moved 3.6% higher today to yet another all-time high of €2.25 on a single deal of 8,000 shares. Similarly, new bids lifted the share price of Malta International Airport plc 1.9% higher to €2.099 (just below its all-time high of €2.10) on low volumes of 2,000 shares. The airport operator is expected to publish its October traffic results in the coming days.

MaltaPost plc’s equity also in positive territory this morning with a 3.8% rise to the €1.09 level – just below its all-time high of €1.105. Just over 4,400 MaltaPost shares changed hands today. The postal operator generally publishes its preliminary full-year results (for the year ended 30 September) by early December.

Positive movements also registered in the share price of GO plc with a 1.3% increase to €1.54 across three deals totalling 4,000 shares. Likewise, Simonds Farsons Cisk plc edged 0.4% higher to regain the €2.85 level across 10,321 shares.

On the other hand, following three sessions of increases, the share price of Bank of Valletta plc slipped 0.7% back to the €2.58 level on declining volumes of 18,734 shares.

The only other negative performing equity as Lombard Bank Malta plc with a minimal decline of 0.1% to €1.899 on low volumes of 2,650 shares.

Meanwhile, HSBC Bank Malta plc held on to the €2.65 level on volumes of 10,000 shares and Middlesea Insurance plc traded unchanged at the €0.85 level on volumes of just over 5,000 shares.

Similarly, Malita Investments plc maintained the €0.53 level across two deals totalling 20,000 shares.

On the bond market, the Rizzo Farrugia MGS Index eased 0.1% to 1,021.730 points as Eurozone yields regained the 1.71% in spite of expectations of further stimulus measures (including a further interest rate cut) by the European Central Bank (ECB) following this Thursday’s monetary policy meeting.