Fresh demand for Crimsonwing plc shares lifted the share price by a further 5.7% to close at a new 18-month high of €0.37 across two trades totalling 40,000 shares. This morning, the Malta Stock Exchange announced the listing of 2,940,000 new shares which were issued by Crimsonwing plc as part payment for the acquisition of the remaining 49% shareholding in Promentum Holding BV. Meanwhile, the new international contracts and the future business strategy of the Group were discussed in a further interview with the CEO Mr David Walsh. The interview is available from http://www.timesofmalta.com/articles/view/20121101/business-news/Crimsonwing-expertise-secures-business-from-Mothercare-Westfield.443573
MaltaPost plc also closed in positive territory today with a 2.1% increase to regain the €0.735 level on volumes of just over 13,000 shares.
Meanwhile, the shares of the larger companies traded lower. Bank of Valletta plc eased 1.6% to €2.45 despite still trading with the entitlement to the final gross dividend of €0.13 per share as well as a 1 for 9 bonus share issue. Volumes decreased to 16,455 shares across eight trades. Similarly, HSBC Bank Malta plc’s share price retreated by 0.4% to the €2.749 level across two trades totalling 2,500 shares.
GO plc’s share price initially dropped back to the €0.945 level before a last-minute recovery helped the equity regain the €1.00 level which still represents a 0.9% dip from the previous close.
High volumes of 200,600 MIDI plc shares changed hands at the equity’s all-time low of €0.25 with no bids in sight and further offers placed at the €0.28 level.
On the bond market, the Rizzo Farrugia MGS Index edged 0.1% higher to 997.093 points as eurozone yields dipped closer to the 1.45% level in a relatively stable euro bond market. Markets around the world are focused on tomorrow’s US jobs data publication – the last of its kind before the Presidential election next week.
Tomorrow afternoon, the Treasury is expected to publish the statistics in respect of the three new issues following the completion of the tendering process.