The MSE Share Index trended higher for the fifth consecutive day with a further 0.1 per cent increase to a fresh one-month high 3,526.200 points despite weak the weak volumes registered in recent local trading sessions.
This morning’s uplift is mainly due to the one per cent increase in the share price of GO plc for the equity to regain the €2 level on a single trade of 1,000 shares.
Yesterday, the quad-play telecoms operator mailed out to shareholders the 2013 annual report and all the relevant documentation in connection with the upcoming annual general meeting scheduled to be held on May 6.
Similarly, the equity of Simonds Farsons Cisk plc jumped 2.4 per cent higher to regain its all-time high of €3 also on low volumes of 3,570 shares. The Farsons Group is scheduled to publish its accounts for the financial year ended January 31 on April 30.
The only other positive performing equity this morning was Island Hotels Group Holdings plc with a 6.3 per cent increase to recapture the 85c level on just 1,000 shares.
On the other hand, the share price of MaltaPost plc slumped 8.1 per cent to a new 19-month low of €1.02 on a small deal of 1,000 shares.
Meanwhile, no changes in the share price of the two large banks’ equities. Bank of Valletta plc recovered from an intra-day low of €2.35 to end the session unchanged at the €2.37 level on volumes of just over 14,000 shares ahead of the bank’s interim results publication on April 25. Similarly, 36,700 shares of HSBC Bank Malta plc traded unchanged at the €2.38 level.
Amongst the large cap equities, International Hotel Investments plc traded unchanged at the 83c level on a single deal of 4,812 shares. The equity is still trading with the entitlement to the net interim dividend of 3c per share declared after the sale of 11 out of the 12 apartments in London. The IHI Group is scheduled to publish its 2013 full-year results on Tuesday.
Single trades also executed in Medserv plc and Crimsonwing plc. Medserv held on to the €1.30 level on just 1,000 shares and Crimsonwing maintained the 87c level on a deal of 1,500 shares.
On the bond market, the Rizzo Farrugia MGS Index edged minimally higher to 1,032.946 points for the first time since the data was collected in 2009. This reflects the decline in Eurozone yields to near 11-month lows of 1.488 per cent on indications of further stimulus from the European Central Bank as inflation slid to an almost five-year low and demand for ‘safe-haven’ assets increase in view of the escalating tensions between Ukraine and Russia.
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