Crimsonwing plc this afternoon revealed three new international contracts, namely: a €2.5 million Microsoft Dynamics project in the Netherlands for a three-year project; a €2.5 million Dynamics ERP project for a leader in the printing industry and an eCommerce global roll-out for a world leading nutrition and health company.

Crimsonwing’s share price remained unchanged at the 85c level today on a single deal of 10,000 shares. The company is expected to publish its interim financial statements as at September 30 by the end of this week.

Also in the IT sector, 6pm Holdings plc shares failed to hold on to an intra-day high of 75p as it closed today’s session unchanged at the 70p level across four deals totalling 32,392 shares. Meanwhile, the share price of RS2 Software plc inched minimally higher to €2.30,2 on a single deal of just over 1,000 shares.

The only other positive performer was HSBC Bank Malta plc as the equity reversed some of its recent declines with a two per cent increase to regain the €2.60 level albeit on low volumes of 2,370 shares.

Meanwhile, Bank of Valletta plc ended the session unchanged at the €2.60 level across 11 trades totalling 14,403 shares. The bank is scheduled to hold its annual general meeting in December.

On the other hand, the share price of Malta International Airport plc slipped a further 2.4 oer cent back to the €2.08 level across two deals totalling 10,000 shares.

Yesterday, local media reports revealed that Flughafen Wien (owner and operator of Vienna Airport) is planning to dispose of all its international investments including its stake in MIA. Nonetheless, the article also explained that Flughafen Wien had contractual obligations in Malta until 2017.

The share price of GO plc dropped by 0.9 per cent to the €1.63 level across 38,236 shares. Higher volumes were registered in Malita Investments plc as its share price slipped 0.2 per cent to 53c across 239,520 shares.

The equity of MaltaPost plc also closed lower with a 1.8 per cent decline to the €1.10 level on volumes of 4,060 shares. The company will be publishing its September 2013 full-year results on December 6.

The only other active equity was Medserv plc as 1,000 shares traded unchanged at the €3.35 level. These will be split on a 2.5 for one basis on Tuesday.

On the bond market, the Rizzo Farrugia MGS Index gained for the fifth consecutive session with a further 0.1 per cent increase to an almost fresh four-week high of 1,022.86 points as Eurozone yields slid towards the 1.7 per cent level.

Benchmark yields eased today on speculation that the European Central Bank is planning to inject liquidity though another Long-Term Refinancing Operation comprising low interest rates for European banks.

www.rizzofarrugia.com

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