Trading activity slowed down for the fourth consecutive session with only €0.12 million worth of equities changing hands during this morning’s session representing an 11-week low and a 64.3 per cent drop from this year’s daily average.

Nonetheless, the share index continued to trend higher with a further 0.2 per cent increase to 3,878.540 points as most active equities ended this morning’s session in positive territory.

In the banking sector, the share price of Bank of Valletta edged 0.4% per cent higher to €2.28 across 11 trades totalling 21,562 shares. Likewise, the equity of HSBC moved 0.3 per cent higher to recapture the €1.84 level on shallow volumes of 6,200 shares.

Marginal increments were also registered in the share prices of FIMBank to 46.5cUS across 11,451 shares and Midi to the 29c5 level after touching a new 2015 high of 29c7 on volumes of 17,913 shares.

Santumas Shareholdings gained 2.5 per cent to the €2.05 level on low volumes of 6,442 shares.

On the other hand, the share price of Malta International Airport eased minimally lower back to the €3.36,5 level across five deals totalling 2,331 shares.

Similarly, the equity of Medserv eased 0.2 per cent lower to €2.15 on a single trade of 5,000 shares. The company held its annual general meeting this morning during which shareholders approved all the items on the agenda including the net dividend of 5c6 per share which is now payable on June 23.

Meanwhile, RS2 Software traded again at its all-time high of €3.36 on a single trade of 5,000 shares.

Similarly, Mapfre Middlesea held on to the €1.30 level on a single trade of 1,000 shares.

On the bond market, the Rizzo Farrugia MGS Index edged 0.2 per cent higher to 1,150.669 points as the benchmark 10-year German Bund yield maintained its downward path toward the 0.5 per cent level amid demand for the ’safe-haven’ Bunds as Greece is scrambling to conclude a new debt deal by the end of this week.

www.rizzofarrugia.com

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