Demand for the equities of Malta International Airport plc, GO plc and RS2 Software plc was sustained during this morning’s session as all three equities ended in positive territory.
MIA’s share price edged 0.5 per cent higher to regain its all-time high of €1.90 on volumes of 3,382 shares. The airport operator’s share price rose by 3.8 per cent since the publication of its record financial results. The final net dividend of 4c per share is payable to those shareholders as at close of trading on April 16.
GO’s share price edged 1.4 per cent higher to close at the €1.57 level across five trades totalling 13,500 shares. Despite turning ex-dividend, the equity of the quad-play telecom operator ended the week just 1.8 per cent lower as renewed confidence in the GO Group helped the equity recover from the adjusted ex-dividend price of €1.50,9.
Further bids emerged for RS2 Software following this week’s earlier announcement confirming the first managed services contract as well as the third licence sale for the 2012 financial year.
The IT equity climbed a further 2 per cent today to close at a new all-time high of €1 on a single trade of 5,000 shares. RS2 ranks as the best performing equity of the week with an 8.7 per cent jump.
On the other hand, Bank of Valletta plc slipped a further 0.4 per cent lower across 12,325 shares to completely reverse this week’s gains and close the week unchanged at the €2.25 level.
Island Hotels Group Holdings plc also closed in negative territory as 1,000 shares changed hands at the equity’s all-time low of 63c representing a 2.8 per cent drop from the previous close.
Meanwhile, there was a muted reaction to yesterday’s publication of the financial results of International Hotel Investments plc as the equity recovered from an intra-day low of 75c to close unchanged at the 77c5 level across 5,689 shares.
Similarly, MIDI plc’s share price recovered from an intra-day low of 31c to close unchanged at the 31c4 level on two deals totalling 9,000 shares.
On the bond market, the Rizzo Farrugia MGS Index extended its positive trend to the sixth consecutive session with a further 0.2 per cent increase to a fresh 30-month high of 1,019.857 points.
This reflects the decline in Eurozone yields which dropped back to 1.25 per cent following yesterday’s press conference by the President of the European Central Bank, Mario Draghi, during which he strongly hinted to the possibility of a rate cut in the near future.
www.rizzofarrugia.com