The equity of Malita Investments advanced by a further 2.6 per cent today to close at a fresh high of 72c on activity of 9,000 shares.
Following the 20 per cent increase in the share price during 2014, Malita’s equity jumped by a further 12.5 per cent during the first five weeks of the New Year.
Malita have yet to announce the date when the board of directors will be approving the financial statements and recommending the payment of a final dividend.
The only other positive performer today was GO with a 0.6 per cent rise to the €2.61,5 level also on weak volumes of 5,900 shares.
GO have also yet to announce the date of the meeting when the board of directors will be approving the financial statements although this took place by mid-March in recent years.
Despite the gains in Malita and GO, the share index closed the day marginally lower at 3,414.497 points due to declines in the share prices of HSBC and RS2 Software.
HSBC’s equity continued to drift from this week’s high of €2.05 as the equity shed a further 0.5 per cent to the €2.02 level on activity of 26,750 shares. The publication of the financial statements of HSBC on February 23 marks the start of the financial reporting season.
Similarly, RS2 Software ended the session 0.3 per cent lower at the €2.96 level across two trades totalling 5,000 shares.
The three other active equities closed the day unchanged. Bank of Valletta held on to the €2.08 level after briefly touching a high of €2.08,4. Activity decreased to 16,752 shares possibly as the market awaits the publication of the interim directors’ statement due by mid-February.
Similarly, shallow volumes were transacted in both Malta International Airport (600 shares) and Middlesea Insurance (935 shares) with both equities closing unchanged at €2.50 and 99c4, respectively.
On the bond market, the Rizzo Farrugia MGS Index edged marginally higher to 1,128.915 points as benchmark yields remained close to the level of 0.33 per cent range. Most of the long-term MGS prices strengthened again during the fast five days.
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