The share price of RS2 Software plc reached new highs during this morning’s session as demand for the IT equity intensified following yesterday’s revelation that a large bank based in the UK is interested in purchasing 10 per cent of the company’s outstanding shares.
The equity jumped to a new all-time high of €1.30 before easing back to close at the €1.20 level which still represents a 3.4 per cent increase over the previous closing price.
A total of 48,867 shares changed hands today with lowest offers now in the market at the €1.22 level. The final net dividend of 2c5 per share was paid today while the bonus shares will be distributed to shareholders in the coming days.
Fresh demand also lifted the share price of FIMBank plc by 2.5 per cent to the US$1.02,5 level across two trades totalling 18,600 shares.
Similarly, Island Hotels Group Holdings plc moved 3.6 per cent higher to regain the 57c level on low volumes of 6,000 shares.
Meanwhile, the active large cap equities ended the session in negative territory forcing the MSE Share Index 0.5 per cent lower to 3,389.392 points. The index closed lower for the first time in eight sessions.
Bank of Valletta plc shares reversed yesterday’s uplift with an equivalent 0.2 per cent drop during this morning’s session back to the €2.27 level on volumes of 15,193 shares.
Similarly, International Hotel Investments plc, Malta International Airport plc and GO plc trended lower on shallow volumes.
On the other hand, Middlesea Insurance plc held on to the 81c1 level across 7,846 shares. In the IT sector, Crimsonwing plc and 6pm Holdings plc maintained the 58c and 60p level respectively with 2,000 shares traded in each equity.
On the bond market, the Rizzo Farrugia MGS Index edged 0.2 per cent higher to 1,019.751 points as Eurozone yields slipped back to the 1.57 per cent level with investors shedding the riskier peripheral assets in line with today’s sell off across international markets.
Moreover, investors are awaiting the results of an Italian debt auction which will possibly be concluded at higher yields given the prevailing challenges.
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