The share index edged 0.7 per cent higher to 3,870.216 points – the highest level since January 2011 – as various equities reached new highs despite the shallow trading activity during this morning’s session.
International Hotel Investments shares advanced by 3.2 per cent to reach an almost three-year high of 78c across four deals totalling 10,150 shares.
Recently the IHI Group revealed its intentions to issue a new €170 million international secured bond through a special purpose vehicle with a ‘B’ rating.
In the 2014 annual report, IHI also informed shareholders that negotiations were taking place with the regulator on various options on how to reward the free float shareholders.
Likewise, GO edged 0.3 per cent higher to reach a fresh seven-year high of €3.06 on shallow volumes of 7,965 shares.
RS2 Software moved 0.6 per cent higher to a fresh record of €3.36 on low volumes of 7,120 shares.
Similarly, the equity of Mapfre Middlesea moved four per cent higher to close at the €1.30 level for the first time since November 2009.
Bank of Valletta also performed positively with a 0.7 per cent increase to €2.27 across six deals totalling 14,679 shares. Today, the bank distributed the net interim dividend of 2c5 per share.
The only other positive performing equity was Tigné Mall with its share price inching marginally higher to recapture the 80c level across 25,334 shares.
On the other hand, HSBC Bank Malta trended lower with a 0.3 per cent decline to the €1.83,5 level on a single trade of 1,483 shares.
Medserv shares turned ex-dividend and the share price dropped by 2.1 per cent to the €2.15,5 level on a single trade of 2,327 shares.
Meanwhile, Malta International Airport maintained the €3.37 level across 5,920 shares.
Likewise, the equity of Grand Harbour Marina ended this morning’s session unchanged at the €1.89 level on a trade of 1,309 shares.
On the bond market, the Rizzo Farrugia MGS Index inched minimally higher to 1,148.847 points as the benchmark 10-year German Bund yield remained under pressure at around the 0.55 per cent level.
www.rizzofarrugia.com