Continued demand for shares of Simonds Farsons Cisk plc helped the equity maintain its recent gains. The share price of Farsons advanced by 6.5% since last week’s publication of a strong set of financial results for the year ended 31 January 2011. This morning, all outstanding offers at the €1.80 level amounting to just under 11,000 shares were taken up. The equity will continue to trade with the entitlement to the final net dividend of €0.0533 until close of trading on 19 May.
The only positive performer of the day was HSBC Bank Malta plc whose share price added 1.4% to regain the €2.96 level. The gain in the share price of HSBC helped the MSE Share Index add a further 0.3% to 3,343.101 points. Last week the equity drifted back towards €2.91 but with lower levels of supply below the €3.00 level, the fresh demand that entered the market today forced the share price up to €2.96. Meanwhile, also in the banking sector, the share price of Bank of Valletta plc held on to €2.895. BOV is due to publish its March 2011 interim results on Friday 29 April.
Among the losers of the day, Malta International Airport plc traded minimally below the €1.70 level on a single trade of 7,000 shares while Middlesea Insurance plc gave back most of its recent gains as this equity dropped 3.7% to €0.857 on increased volumes totalling 17,058 shares.
Elsewhere, GO plc and RS2 Software plc closed the day unchanged. The share price of the telecoms operator traded again at its all-time closing low of €1.40 with a further 13,936 shares changing hands at this level. The equity of the IT company continued to trade at €0.519 with a total of 25,500 shares passing through the market this morning. Yesterday afternoon, RS2 announced an extension to its cut-off date and the equity will now be trading with the entitlement to the net dividend of €0.032 per share until 10 May.