Sustained demand for the shares of RS2 Software plc lifted the equity by a further 1.1 per cent to a new all-time high of €1.87 across two deals totalling 31,000 shares.
Over the weekend, shareholders received the circular issued in connection with the extraordinary general meeting scheduled to be held on October 2 for shareholders to consider and approve a number of changes to the company's memorandum and articles of association.
These changes were requested by Barclays Bank plc as part of the agreement with ITM Holdings to acquire a 10 per cent shareholding in RS2. Barclays subsequently intends to acquire a further 10 per cent stake through purchases on the secondary market.
Various other equities advanced during this morning’s session. Bank of Valletta plc edged 1.7 per cent higher to regain the €2.38 level across 11 trades totalling 24,497 shares.
GO plc recovered from an intra-day low of €1.48,1 to end the session 0.7 per cent higher at the €1.51 level on volumes of 12,700 shares.
MIDI plc also recovered some of its recent declines with a 6.8 per cent increase to the 23c5 level across three deals totalling 27,000 shares. The only other positive performing equity was Island Hotels Group Holdings plc with a 0.5 per cent increase to the 84c9 level on a small trade of 650 shares.
On the other hand, HSBC Bank Malta plc once again slipped to a fresh 14-month low before partially recovering to end the session 0.4 per cent lower at the €2.50 level.
A total of 53,180 shares changed hands today. Also in the financial sector, Middlesea Insurance plc’s equity reversed yesterday’s 5.9 per cent increase to close at the 80c level on a small deal of 250 shares.
Meanwhile, Crimsonwing plc held on to the 74c level on volumes of 31,195 shares.
On the bond market, the Rizzo Farrugia MGS Index retreated by 0.1 per cent to 1,020.373 points as Eurozone yields regained the 2.03 per cent level as concerns over the conflict in Syria eased after the Syrian government was receptive to the proposal by Russia to give up its chemical weapons. This initiative could avoid US military action in Syria.
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