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High volumes across various equities

Trading activity on the Malta Stock Exchanged intensified during the final trading session of the week with high volumes across three of the 11 active equities.

The MSE Share Index edged 0.14 per cent higher today as five of the small caps gained but the index still ended the week with a loss of 0.36 per cent as the two large caps both declined.

The other notable negative performers of the week were FIMBank plc (-3.6 per cent to USD0.80) and MaltaPost plc (-5.6 per cent to 85c).

The most actively traded equity today was Bank of Valletta plc as it maintained the €2.35 level on total volumes of 96,810 shares. BOV’s share price shed 2.3 per cent this week ahead of next Wednesday’s annual general meeting.

High volumes were also registered in Lombard Bank Malta plc as 55,000 shares traded. The renewed demand for Lombard shares helped the equity climb by 2.2 per cent to €1.84. Lombard’s equity was particularly active this week as a total of 108,060 shares changed hands.

GO plc also experienced higher-than-average volumes with 27,875 shares trading today. The equity initially dropped to a low of €1.08 before recovering to regain the €1.12 level.

In the IT sector, RS2 Software plc maintained its upward momentum with the share price gaining 3.6% to close at a new multi-year high of 72c5.

A total of 28,040 shares traded today with further shares on offer at this level. Meanwhile, Crimsonwing plc held on to its multi-year high of 46c on a single trade of 18,800 shares.

The Sterling denominated equity of 6pm Holdings plc failed to attract any trades but the company issued a press release today claiming that it was awarded a major contract for the rollout of a medical records database in the UK.

6pm announced that the value of the contract for the first phase is in excess of £400,000 and will be delivered by April in preparation for phase two.

6pm’s deputy CEO stated: "This is a significant contract utilising consultants from all our geographical locations across Europe and is further evidence of the UK Health market recognising the expertise that 6PM now have in this area."

The share price of Malta International Airport plc regained its 2012 high of €1.80 as a further 4,000 shares traded at this level.

Likewise, Simonds Farsons Cisk plc traded again at its-all time high of €2.50 with a total of 7,639 shares changing hands at this level.

On the bond market, the Rizzo Farrugia MGS Index partially recovered from earlier losses this week but still closed lower at 1,002.44 points. Eurozone yields recovered this week from a four-month low of 1.28 per cent to a level of 1.36 per cent.

www.rizzofarrugia.com

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