The share price of RS2 Software plc advanced by 1.1% to a fresh all-time high of €2.75 across seven deals totalling 33,502 shares on the MSE today.
Today’s rise followed the publication of the 2014 interim results which showed the increasing level of business activity at RS2.
Furthermore, the directors confirmed that whilst further substantial investment in its infrastructure and business development was required, they had a positive outlook for the year. Further details on the results are available at http://rizzofarrugia.com/news-events/2014/interim-results-rs209/.
The only other positive performing equity today was Lombard Bank Malta plc with a 0.6% increase to €1.56 on volumes of 40,000 shares.
On the other hand, following a two-day positive run, the share price of GO plc eased minimally lower to €2.489 on heightened activity totalling 40,000 shares. A marginal movement was also seen in Bank of Valletta plc as the banking equity retreated by 0.2% to €2.155 across seven trades totalling 19,800 shares.
The only other negative performing equity was Malita Investments plc with a 1.8% drop to €0.54 on volumes of almost 51,000 shares.
Meanwhile, no change was registered in the share price of HSBC Bank Malta plc at the €2.00 level on low volumes of 5,000 shares. Similarly, International Hotel Investments plc (IHI) ended this morning’s session unchanged at the €0.64 level after recovering from its all-time low of €0.62 across a total of 12,802 shares.
Simonds Farsons Cisk plc shares held on to the €2.70 level across 8,853 shares and a single trade of 10,000 Crimsonwing plc shares was executed at the €0.81 level.
On the bond market, the Rizzo Farrugia MGS Index advanced for the eighth successive session with a further 0.1% uplift to yet another fresh high of 1,077.417 points. This contrasts with the marginal rebound in Eurozone yields to just above the 0.9% level as investors were relieved that the reading for Eurozone’s inflation was not worse than expected. Nonetheless, it is important to highlight that inflation in the 8-nation region still fell to a 5-year low of 0.3%. Investors now await next week’s monetary policy meeting of the European Central Bank (ECB) following pledges to inject more stimulus if inflation falls.
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