The share price of RS2 Software plc plunged 5.7% during this morning’s session of the stock exchange back to the €2.45 level albeit on low volumes of 6,129 shares.
Following this morning’s drop, RS2’s equity has effectively reversed the gains registered after the publication of an announcement on 4 June 2014 revealing a €16.5 million new licence and service agreement with a global payment processing company.
Malita Investments plc retreated by 1.8% from its all-time high of €0.56 back to the €0.55 level on volumes of 97,000 shares.
The only other negative performing equity was HSBC Bank Malta plc with a minimal decline to €2.02 on just 3,850 shares.
On the other hand, the share price of Malta International Airport plc by 2.5% to regain the €2.275 level across three deals totalling 13,000 shares.
Meanwhile, Bank of Valletta plc held on to the €2.10 with a further 13,250 shares changing hands across six deals. Similarly, GO plc’s equity was unchanged today at the €2.225 level on volumes of 9,540 shares.
On the bond market, the Rizzo Farrugia MGS Index continued to trend higher with the twenty-fourth increase in the last 30 days. This morning, the local MGS benchmark inched marginally higher to yet another new all-time high of 1,057.542 points in line with the dip in Eurozone yields back to the 1.242% level.
On the corporate bond market, Tumas Investments plc announced this afternoon that it obtained approval from the MFSA for a €25 million bond issue carrying a coupon of 5% per annum. Meanwhile, the €35 million 5.3% Mariner Finance plc 2024 bonds will commence trading tomorrow.
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