The Sterling denominated equity of 6pm Holdings plc was active for the first time in almost a month. This morning an initial trade of 67,000 shares was transacted at a new all-time low of GBP0.28. The equity quickly recovered by 10.7% as a further two trades totalling 33,000 shares took place at a price of GBP0.30, helping the equity to close the day unchanged. Earlier this week, the IT company announced that it subscribed to 25% of the issued share capital in a newly incorporated company, emCare360 Limited. This new company is to engage in innovative strategies for health care delivery and to develop, implement and deliver electronic and mobile tele-health, tele-care and health care information services to private and public entities and individuals both in Malta and overseas. The other shareholder in emCare360 Limited is Care Malta Group Limited which forms part of Vassallo Builders Group Limited which has recently acquired 18.6% of 6pm Holdings plc (equivalent to 3,400,000 shares) through the Rights Issue undertaken in April 2011.
Elsewhere, the share prices of the two large banks both performed negatively this morning. Bank of Valletta plc’s equity retreated by 0.7% to the €2.70 level across nine trades totalling 9,800 shares with HSBC Bank Malta plc also shedding 0.7% to €2.948 on volumes of just over 4,100 shares. On the other hand, fresh demand for FIMBank plc helped the share price recover by 6.5% to regain the US$0.82 level across four trades totalling almost 9,800 shares.
RS2 Software plc moved above the €0.50 level for the first time since late April as its share price was lifted 6% higher to €0.53 on a single trade of 10,000 shares. The IT Company today paid the dividend of €0.032 per share as approved by the Annual General Meeting held yesterday.
The equity of MaltaPost plc also closed in positive territory as the share price moved 2.9% higher to close at the €1.05 level. Three trades totalling 4,348 shares passed through the market with further offers remaining unsatisfied at the closing price.
The only other active equity, International Hotel Investments plc, closed unchanged at the €0.82 level after opening the session at €0.83. Two trades amounting to 11,843 shares were transacted today.
Overall the MSE Share Index retreated by a further 0.1% to 3,360.137 points representing an 11% drop since the start of the year. On the bond market, the Rizzo Farrugia MGS Index eased another 0.1% lower to a new 5-week low of 974.304 points. Despite this, the price of the 19-year Malta Government Stocks was well supported at a price of 102%.