The MSE Share Index climbed one per cent during the final trading session of the week to 3,130.402 points – close to a three-week high.
Today's upturn reflects the give per cent increase in the share price of International Hotel Investments plc and a 0.6 per cent rise in the share price of Bank of Valletta plc to €2.40. A total of 10,475 BOV shares traded today. BOV's equity closed the week marginally higher.
Meanwhile, the equity of International Hotel Investments plc closed as the best performer this week after a gain of a further five per cent today on a single trade of 10,000 shares at 84c. IHI's equity more than recovered last week's 6.1 per cent drop with an 11.9 per cent jump this week.
Similarly, fresh bids also lifted MaltaPost plc's share price four per cent higher to 78c on volumes of 4,354 shares. The postal operator is shortly expected to publish its September 2012 full-year results.
HSBC Bank Malta plc registered a marginal gain in its share price today to €2.65,2 across two deals totalling 5,586 shares. However, the bank's equity still ended the week 1.8 per cent lower.
Meanwhile, Grand Harbour Marina plc held on to the €1.81 level on a single trade of 5,000 shares.
GHM's shares jumped 5.9 per cent this week after the company revealed that it signed a memorandum of understanding for the sale of a super-yacht berth worth €3.1 million together with an option for the potential acquirer to purchase a further berth worth €1.8 million.
Moreover, the company reported that both its marinas in Malta and Turkey continued to report higher revenues.
On the bond market, the Rizzo Farrugia MGS Index edged marginally higher to 999.383 points as benchmark Eurozone yields retreated back to the 1.41 per cent level on increasing concerns over Greece.
The creditors of Greece have not yet reached a deal to give the country access to the much needed next tranche of aid totalling €31.5 billion.
Moreover, there are increasing concerns on the disagreement over the EU's budget for the period 2014 – 2020.
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