Alan Borg has been appointed Malta International Airport CEO ‘ad interim’ to replace Markus Klaushofer, the airport operator said this afternoon.
MIA, which is expected to publish its 2014 passenger numbers and the forecast for 2015 shortly, trended in positive territory on the stock exchange today with a further 0.8 per cent increase to yet another all-time high of €2.44 albeit on low volumes of 1,000 shares.
The index immediately recovered from yesterday’s 0.1 per cent drop and advanced by 0.8 per cent during this morning’s session to reach a fresh eight-month high of 3,411.699 points as most of the active equities closed higher.
The share price of International Hotel Investments climbed by 5.1 per cent to recapture the 62c level for the first time since last September. A total of 37,000 shares changed hands across six deals.
IHI’s share price rose by 8.8 per cent since Friday’s announcement revealing its plans to acquire Island Hotels Group Holdings. The latter’s equity rallied by 16.5 per cent on Monday to regain the 99c level but has since remained inactive with no sellers in sight.
Likewise, the equity of RS2 Software plc hit a new all-time high of €2.97,4 representing a 0.1 per cent increase over the previous closing price on volumes of 41,301 shares.
HSBC was the only other positive performer with a one per cent increase to regain the €2.01 level across 26,957 shares.
On the other hand, the share price of Bank of Valletta shed a further 0.1 per cent back to the €2.08,9 level across nine trades totalling 13,178 shares.
Meanwhile, GO’s share price maintained the €2.59,5 level on low volumes of 7,699 shares.
On the bond market, the Rizzo Farrugia MGS Index registered its eight consecutive daily increase to yet another all-time high of 1,115.343 points despite this morning’s uptick in Eurozone yields to the 0.45 per cent level.
Furthermore, by this afternoon, benchmark 10-year yields continued to rise reaching the 0.497 per cent level ahead of tomorrow’s monetary policy meeting of the European Central Bank during which it is expected to launch a quantitative easing programme.
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