During this morning’s trading session of the stock exchange, the share price of GO plc climbed to a fresh 4-month high of €2.70 before easing back to close at the €2.66 level which still represents a 0.4% increase over the previous closing price. A total of 9,850 shares changed hands today with further offers unsatisfied at the closing price and best bids only pitched at the €2.58 level. GO has yet to announce the date when its 2014 financial statements will be published.

Malita Investments plc also performed positively and continued to approach its all-time high of €0.75 with a further 0.4% increase to regain the €0.743 level across three deals totalling 33,300 shares. Malita’s financial statements will be published on 26 February.

MIDI plc attracted higher volumes with the equity advancing by 0.9% to recapture the €0.235 (just €0.005 below its 2015 high of €0.24) level across 223,000 shares.

Meanwhile, the equities of the three retail banks ended this morning’s session unchanged. Most notably, HSBC Bank Malta plc held on to the €1.99 level across three deals totalling 11,300 shares ahead of the 2014 full-year results publication next Monday.

Similarly, the share price of Bank of Valletta plc closed this morning’s session unchanged at the €2.099 after recovering from an intra-day low of €2.085 across nine trades totalling 21,650 shares.

Lombard Bank Malta plc shares also maintained the €1.90 level on shallow volumes of 2,654 shares.

Malta International Airport plc also held on to the €2.561 level after briefly touching a fresh all-time high of €2.57 on volumes of 10,200 shares. MIA will be published its 2014 financial statements next Tuesday 24 February. Meanwhile, today Ryanair announced record bookings on its upcoming summer schedule for Malta, which includes a new route to East Midlands and extra flights to Bari, Bournemouth, Dublin, Gothenburg, Luton, Madrid, Milan, Stockholm and Venice.

Likewise, the equity of Island Hotels Group Holdings plc held on to the €1.029 level on a single trade of 970 shares. Island Hotels is scheduled to hold an Extraordinary General Meeting (EGM) on Friday seeing shareholder approval to divulge all the required information by International Hotel Investments plc in its due diligence process in connection with its intention to acquire the entire issued share capital of Island Hotels Group.

On the other hand, the share price of Middlesea Insurance plc eased by 0.4% back to the €0.996 level on a deal of just 984 shares.

On the bond market, the Rizzo Farrugia MGS Index edged 0.1% higher to 1,128.344 points despite a rebound in Eurozone yields which touched a 3-week high of 0.409% by this afternoon. The uplift in yields follows a confirmation by the Greek government that it will be asking for a loan extension for up to 6-months from its creditors until a new restructured debt deal is reached.

Last week, the Treasury announced two new issues for a total of €120 million subject to an over-allotment option of up to a further €60 million. The new issues are a fungible issue of the 2% MGS 2020 (V) and a new 25-year bond, the 3% MGS 2040. The offer prices of the two issues will be announced tomorrow afternoon and the offer period for retail investors closes on Wednesday 25 February.

www.rizzofarrugia.com

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