Trading activity during this morning’s session on the Malta Stock Exchange dwindled to a fresh six-week low as only €59,578 worth of shares changed hands.
The MSE Share Index edged 0.2 per cent higher to 3,319.936 points as four of the seven active equities ended the session in positive territory.
Most notably, the share price of RS2 Software plc moved 1.5 per cent higher to a fresh all-time high of €2.79 albeit on low volumes of 2,352 shares.
Recently, the IT Group published its 2014 interim financial statements revealing significant growth in recurring revenue and a strong business pipeline.
Positive movements were also recorded in the property segment with the equity of Malita Investments plc moving 1.8 per cent higher to regain its all-time high of 56c on just 2,000 shares.
A single trade of 11,000 shares Tigné Mall plc saw the share price edging 0.8 per cent higher to recapture the 51c5 level. Both companies are scheduled to pay their recently declared interim dividends in the coming weeks.
The only other positive performing equity was Bank of Valletta plc with a 0.5 per cent increase to the €2.21,1 level across 7,417 shares.
Meanwhile, HSBC Bank Malta plc recovered from an intra-day low of €1.99 to end the session unchanged at the €1.99,9 level on volumes of 8,255 shares. Tomorrow, the bank is scheduled to pay the recently declared interim gross dividend of 4c5 per share.
The share price of FIMBank plc also closed the day unchanged at the 65c5US level across 24,899 shares.
A single trade of 1,100 shares Crimsonwing plc was transacted at the 81c level representing no change from the previous closing price. Shareholders are awaiting further developments with respect to the due diligence being conducted by interested parties in acquiring a stake in the company.
On the bond market, the Rizzo Farrugia MGS Index edged minimally higher to 1,077.101 points despite the recovery registered by the benchmark Eurozone yields.
In fact, the 10-year German Bund yield shot up to the 0.96 per cent level this morning after reports that Ukraine and Russia were close to reaching a peace deal.
Nonetheless, the upside was limited by the potential of further stimulus to be announced tomorrow following the European Central Bank’s monthly monetary policy meeting.
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