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%.

Yesterday afternoon, MIDI plc announced the closing of subscriptions of its share issue as soon as the amount of applications exceeded the 44,444,444 ordinary shares. The Company also held an Extraordinary General Meeting during which shareholders approved a resolution to enable companies that are ‘Connected Persons’ of some of the Directors to participate in the share issue.