Further gains for IHI and GO shares
The positive performances in International Hotel Investments plc and GO plc helped the MSE Share Index to move back into positive territory with a marginal increase to 3,141.604 points representing a 0.2% weekly rise.
IHI's share price edged 1.1% higher to yet another 19-month high of 95c on a single deal of 4,000 shares. IHI's equity closed the first week of October 5.6% higher as demand for the shares resurged as the sale of the luxury London apartments is drawing closer.
GO's share price also gained further ground with a 1.1% increase during this morning's session to 97c across four trades totalling 8,000 shares.
The quad-play telecoms operator advanced 2.1% over the week in spite of the postponement of the decision by the Directors on whether or not to participate in Forthnet's €30 million rights issue until Forthnet publishes the respective documentation.
On the other hand, HSBC Bank Malta plc failed to hold on to an intra-day high of €2.73 to close 0.7% lower at the €2.70 level across six trades totalling just over 17,900 shares.
Meanwhile, Bank of Valletta plc's share price recovered from a seven-week low of €2.14,1 to end this morning's session unchanged at the €2.19 level. Both banking equities ended the week in the red with HSBC retreating by 1.1% whilst BOV sliding by 3.3% ahead of the bank's full-year results publication which generally takes place by the end of October.
Medserv plc shares were active for the first time this week with 25,000 shares changing hands at the €3.99 level representing a 0.3% drop from the previous close.
The other two active equities closed unchanged. Simonds Farsons Cisk plc held on to its multi-year high as another 125 shares changed hands at the €2.30 level representing a weekly gain of 4.6%. Malta International Airport plc maintained the €1.73 level on volumes of 4,400 shares.
This afternoon, the airport operator published the September traffic results showing a 6.6% increase in passenger numbers to 407,917 movements – a record for the month under review and the sixth consecutive month of record passenger movements.
On the bond market, the Rizzo Farrugia MGS Index eased by 0.1 per cent to 997.232 points (marginally lower over the week) as Eurozone yields edged higher to the 1.46 per cent level.