The share price of Island Hotels Group Holdings plc climbed a further six per cent to a new 28-month high of 90c across seven trades totalling 34,300 shares.

Activity in IHG shares has intensified over recent months with a strong recovery in the share price. However, the group is still seeking to raise fresh equity to finance the development of the Oasis project (ex-Hal Ferh site).

The only other positive performing equity during this morning’s session was Malta International Airport plc which edged 0.5 per cent higher to regain the €1.88 level on a single trade of 10,000 shares.

On the other hand, Bank of Valletta plc shed 1.3 per cent to drop back to the 2.35 per cent level on low volumes of 1,259 shares. This month marks the end of the bank’s financial year with the preliminary full-year results published by the end of October.

Medserv plc shed 2.7 per cent to the €3.60 level on 6,000 shares and 6pm Holdings plc eased minimally lower to 60p across 5,000 shares.

Meanwhile all other five active equities ended the session unchanged. In the banking sector, HSBC Bank Malta plc held on to the €2.50 level across 9,800 shares and Lombard Bank Malta plc maintained the €1.90 level on a single deal of 4,400 shares.

Similarly, Crimsonwing plc traded unchanged at the 74c across 60,000 shares. The financial half-year ends this month with the interim report generally published by the end of November.

Plaza Centres plc also ended unchanged at the 56c level across 30,000 shares with lower volumes in GO plc of 1,423 shares at €1.51.

On the bond market, the Rizzo Farrugia MGS Index eased by a further 0.1 per cent to a new two-month low of 1,019.766 points as Eurozone yields remained above the 2% level as concerns over the conflict in Syria continued to ease.

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