Mapfre Middlesea gained 7.7 per cent to reach €1.40 on total volume of 14,323 shares today – a level not touched ever since the last quarter of 2009.
Half-way during the session, the Mapfre Middlesea issued an announcement which stated that the company has reached a preliminary agreement for the transfer of the insurance portfolio of AllCare Insurance Limited.
The agreement is pending the necessary authorisation from the relevant authorities.
The share price of Malita Investments also made considerable gains of 6.7 per cent to 96c on a total of 35,000 shares across seven trades.
Midi was one of the remaining two active equities which registered a gain during today’s session. The property company’s share price increased by 1.7 per cent to 30c – a fresh 15-month high.
The only other positive performer today was RS2 Software, which edged 0.6 per cent higher to €3.38 across a single trade of 1,111 shares.
Meanwhile, the four large caps had a negative session today which, however, failed to offset the stronger gains in Mapfre Middlesea. As a result, the MSE Share Index edged marginally higher to 3,878.776 points.
HSBC was down 1.6 per cent by the end of today’s session to the €1.81 level on total volumes of 38,184 shares. Bank of Valletta’s decline was lower at just 0.1 per cent back to the €2.27,7 level.
Malta International Airport also closed in negative territory at €3.35,9 – a decline of 0.2 per cent - although at earlier trades, the airport operator traded at an intra-day high level of €3.37. The total volume transacted in MIA’s shares amounted to 8,200 which were spread across eight trades.
The other large cap that declined today was GO, which closed at €3.05,9 on shallow volumes of 6,390 shares spread across three deals. Plaza Centres was the remaining negative performer of today, slipping one per cent to 98c, achieved over five trades for a total of 23,000 shares.
Two other equities ended the session unchanged. Three trades in MaltaPost were transacted at the €1.50 price level. Medserv also ended unchanged from previous at the €2.15 level, after failing to hold on to an intra-day high of €2.15,5 across total volume of 9,985 shares.
On the bond market, there was a marginal decline in the Rizzo Farrugia MGS Index. Benchmark European yields kept hovering around the 0.5 per cent level, as G7 members weigh in on Greece in view of the fact that the deadline to conclude a new debt deal is now imminent.
www.rizzofarrugia.com