GlobalCapital share price up 26%

The star performer of the day was GlobalCapital plc as its share price advanced by 26.4% to €1.26. The equity of the financial services organisation had declined heavily in recent months to an all-time low of €0.989. This morning’s increase helped the share price narrow the loss sustained since the beginning of the year to -6.7%. Volumes across the equity market increased compared to the previous days this week. The MSE Share Index closed minimally higher this morning but still ended the week down 0.5% at 3,470.976 points.

The share price of Bank of Valletta plc maintained the €3.70 level as a further 15,267 shares changed hands today. On the other hand, HSBC Bank Malta plc edged 0.3% lower to €2.89 on volumes of 11,000 shares.

GO plc traded towards the end of today’s session with the equity adding 0.5% to €1.91 across three trades amounting to 11,100 shares. Following the various announcements earlier this week by Forthnet, the share price of the Greek company this morning climbed by over 15% to €0.53 on volumes exceeding 1.3 million shares. Forthnet’s equity has recovered by more than 50% from its recent low of €0.35.

On the bond market, the price of the 5.25% MGS 2030 (I) FIB added a further 11 basis points today to end the week at 103.96% compared to its recent offer price on the primary market at 101.50%. Volumes in some of the corporate bonds remained encouraging today. The most notable movements were registered in the 7% FIMBank plc 2019 bonds. The EUR tranche advanced by 119 basis points to 102.99% while the USD tranche gained 100 basis points to 106%.

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