Go share price plunges nine per cent
The share price of GO plc shed a further 4.2 per cent during today’s session closing at a new 2010 low of €1.82 and representing a decline of nine per cent over the week. GO was the worst performing equity of the week and dragged the MSE Share Index...
The share price of GO plc shed a further 4.2 per cent during today’s session closing at a new 2010 low of €1.82 and representing a decline of nine per cent over the week.
GO was the worst performing equity of the week and dragged the MSE Share Index into negative territory for the fourth successive week.
Elsewhere, the share price of Middlesea Insurance plc continued to rise and advanced by a further 2.2 per cent this morning to €0.95. Middlesea ranks as this week’s top performer with a gain of 5.6 per cent. Further bids are placed at this level with lowest offers at the 2010 high of €1.
Malta International Airport plc and MaltaPost plc remained well supported at their 2010 highs. A total of 25,830 MaltaPost shares changed hands at the €0.90 level with 1,180 MIA shares trading at the €1.64 level. This afternoon MIA announced that it won the ACI Europe Best Airport Award 2010 in the up to five million passenger category.
In the bond market, trading in the new six per cent Simonds Farsons Cisk plc bonds commenced this morning with the price rising 150bp to 101.50 per cent.
The intermediaries offer of the €7 million Izola Bank plc secured notes takes place on Monday while preferred applicants in the €20 million 6.2 per cent Tumas Investments plc bonds have until Wednesday to submit their application ahead of the general offer today week.
Another new bond issue was announced this week by Mediterranean Investments Holding plc (MIH).
www.rizzofarrugia.com