The share index extended its recent positive run as it exceeded the 4,000 points level for the first time in seven years. The local equity benchmark edged a further 1.3 per cent higher during this morning’s session to close at 4,021.414 points reflecting the uplift in a number of equities.

Today’s outperformer was International Hotel Investments as the equity jumped 10 per cent to regain its 2015 high of 88c albeit on a single trade of 1,000 shares. Tomorrow the IHI Group is scheduled to hold its annual general meeting.

Similarly, among the large equities by market capitalisation, GO moved 0.7 per cent higher to reach yet another seven-year high of €3.12 also on low volumes of 3,500 shares.

Positive movements also in the share price of Midi as it moved 1.3 per cent higher to regain the 32c5 level – minimally below its 2015 high of 33c3 – on shallow volumes of 5,000 shares.

The only other posting performing equity was Lombard Bank with a minimal increase to €1.82,1 across 2,828 shares.

On the other hand, the share price of Bank of Valletta eased 0.2 per cent back to the €2.28,5 level across 12 deals totalling 27,379 shares.

Likewise, the equity of RS2 Software retreated minimally lower to €3.41,9 on low volumes of 2,000 shares. The IT group yesterday held its annual general meeting during which shareholders approved all the items on the agenda including the final net dividend of 4c4 per share and the two for one share split effective June 16 (thereby including trades up to Friday).

Meanwhile, HSBC held on to the €1.84 level on just 1,798 shares.

Also no changes in the share price of Plaza Centres at the 96c9 level across six trades totalling 25,000 shares.

Malta International Airport also maintained their previous closing price of €3.37 across 20,000 shares.

On the bond market, the Rizzo Farrugia MGS Index slid a further 0.3 per cent back to 1,128.76 points as the benchmark 10-year Eurozone yields surpassed the one per cent level for the first time since September.

www.rizzofarrugia.com

 

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