During today’s trading session the share prices of Lombard Bank Malta plc and Crimsonwing plc recovered strongly from recent declines.

Lombard Bank’s equity climbed 6.4 per cent to €2.98 on high volumes amounting to 53,000 shares.

Moreover, following yesterday’s seven per cent decline, Crimsonwing’s share price recovered by five per cent to the €0.44 level in response to the announcement that the IT Group was awarded a three-year contract worth €3 million per annum.

On the other hand, GO plc’s share price traded below the €2 level for the first time this year on renewed selling pressure. The equity slipped to a fresh 2010 low of €1.95 during the day before recovering to the €2 level, representing a 1.5 per cent drop from the previous close.

13,200 shares exchanged today with best bids now placed at €1.93 whilst lowest offers pitched at the €2.03 level.

Meanwhile, investors continued to shun the large banking equities. HSBC Bank Malta plc closed in negative territory for the 11th consecutive session as its share price edged a further 0.9 per cent lower on volumes of 9,500 shares.

Bank of Valletta plc also declined by 0.5 per cent to close at the €3.27,5 level across seven trades amounting to just over 4,500 shares.

On the bond market, Izola Bank plc this morning announced the issue of €7 million 5.35 per cent secured notes maturing in 2015.

The issuer reserves the right to increase the offer by a further €2 million in case of over-subscription. An intermediary’s offer will take place on June 21.

Meanwhile, yesterday Tumas Investments plc published the formal notice relating to its new 6.2 per cent bond issue.

Application forms are available as from today and subscriptions open on June 25.

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