Trading activity increased during this morning’s trading session with volumes across eight equities.
Among this morning’s most active equities, FIMBank plc edged one per cent higher to regain the US$1 level across two deals totalling 43,700 shares.
Similarly, Malita Investments plc recovered from an all-time low of 49c9 (the first time the equity traded below its IPO price of 50c) to end the session two per cent higher at the 51c level on volumes of 45,000 shares.
The two companies yesterday announced that they will be publishing their half year results, covering the six months ended June 30, in the week starting August 12.
The only other positive performing equity was GO plc which closed today’s session 0.7 per cent higher at the €1.53 level after temporarily touching an intra-day low of €1.50 on total volumes of 14,000 shares.
On the other hand, the share price of International Hotel Investments plc once again slipped by 1.1 per cent back to the 89c level on a single deal of 3,934 shares.
The equity of Middlesea Insurance plc also performed negatively with a 2.9 per cent drop back to the 82c5 level. Middlesea will be issuing their interim results on Thursday.
Meanwhile, Bank of Valletta plc held on to the €2.27 level across 12,000 shares. In the tourism sector, Island Hotels Group Holdings plc also ended this morning’s session unchanged at the 70c level after recouping from an intra-day low of 69c on low volumes of 6,000 shares.
Similarly, Malta International Airport plc recovered from an intra-day low of €2 to end the session unchanged at the €2.03 level on volumes of 12,400 shares.
On the bond market, the Rizzo Farrugia MGS Index eased lower for the first time in six sessions. The local MGS benchmark marginally retreated to 1,026.105 points reflecting the upturn in the benchmark Eurozone yields to 1.56 per cent on the back of an unexpected decline in German analyst and investor confidence.
www.rizzofarrugia.com