The equities of RS2 Software plc and Go plc extended their positive run as they continue to significantly outperform the other local equities with year-to-date gains approaching the 40 per cent level.
The share price of RS2 climbed by 3.5 per cent to yet another fresh all-time high of €2.95 on high volumes totalling 62,400 shares. Similarly, Go’s share price advanced by 1.2 per cent to a new six-year high of €2.55 across five deals totalling 13,100 shares.
Positive movements were also registered across some of the equities in the financial services sector. Lombard Bank Malta plc continued to recover from recent multi-year lows with a 3.1 per cent uplift to regain the €1.64,9 level across 11,430 shares.
Similarly, FIMBank plc recovered from an intra-day low of 60c2US to end the session marginally higher at the 66c5US level on almost 50,000 shares.
On the other hand, HSBC Bank Malta plc slipped one per cent back to the €1.98 level on volumes of 30,770 shares.
Meanwhile, the share price of Bank of Valletta plc closed this morning’s session unchanged at the €2.24 level on low volumes of 2,050 shares.
Malta International Airport plc held on to its all-time high of €2.35 on a single trade of 10,000 shares. Likewise, 3,900 Medserv plc shares traded unchanged at the €1.27,5 level.
On the bond market, the Rizzo Farrugia MGS Index jumped 0.2 per cent to reach yet another all-time high of 1,080.887 points as Eurozone yields slipped back to the 1.05per cent level this morning following yesterday’s announcement by the Organisation for Economic Cooperation and Development (OECD).
The international organisation lowered its growth forecasts for major developed economies (including the Eurozone) and called on the European Central Bank (ECB) to take more aggressive action.
By this afternoon, yields dropped even further as Germany’s investor sentiment fell to a two-year low probably reflecting the adverse effects of the Ukraine-Russia conflict (including the sanctions imposed by the West on the Kremlin) on Europe’s largest economy.
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