Further demand for Go plc shares lifted the equity two per cent higher during this morning’s session to yet another two-year high of €1.57 across seven trades totalling 28,184 shares.

On Wednesday, Go revealed a pre-tax profit of €26.5 million compared to a loss of €51 million in 2011 and recommended a final net dividend of 10c per share to all shareholders as at the close of trading on April 2.

The re-instatement of the dividend fuelled the upturn in the share price in the last few days. In fact the equity is the top performer of the week with a rise of 11.4 per cent.

Malta International Airport plc also edged 1.1 per cent higher to regain the €1.84 level on a single trade of 5,000 shares.

Earlier this week the airport operator also published its 2012 full-year results revealing a record net profit of €12.5 million on the back of a similar record in passenger numbers.

A final net dividend of 4c per share is payable to shareholders until close of trading on April 16.

The only other positive performing equity today was RS2 Software plc with a 0.6 per cent increase to regain its all-time high of 91c across three trades totalling 10,900 shares.

On the other hand, most of the active financial equities traded lower with Bank of Valletta plc failing to hold on to an intra-day high of €2.30 to end this morning’s session 2.1 per cent lower at the €2.25 level on volumes of 60,273 shares.

Much lower trading activity was registered in HSBC Bank Malta plc amounting to 3,130 shares. The equity dropped by 0.7 per cent to €2.72. Similarly, Middlesea Insurance plc’s share price tumbled 11.1 per cent on low volumes of 1,072 shares despite still trading with the entitlement to the final gross dividend of 2c5 per share.

Meanwhile, FIMBank plc held on to the US99c level across two deals totalling 69,500 shares. The equity of the trade finance specialist is still trading with the entitlement to the final gross dividend of US5c7 per share until March 26.

No changes were registered also in the share prices of Crimsonwing plc and MaltaPost plc as they hold on to 54c and €1.02, respectively.

March marks the end of Crimsonwing’s financial year with the preliminary results published by the end of July whilst this month marks the half-year end for the postal operator with the interim results published in May.

On the bond market, the Rizzo Farrugia MGS Index advanced for the fifth successive session with a further 0.1 per cent increase to yet another 29-month high of 1,015.86 points as Eurozone yields dipped below the 1.35 per cent level for the first time in 2013 amid the uncertainty surrounding the bailout of Cyprus.

On the local secondary market, most long-term MGS prices rallied to new highs again today.

www.rizzofarrugia.com

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