Following last week’s 1.4% uplift, the Malta Stock Exchange share index kicked-off the last full trading week of June in negative territory with a 0.1% drop back to 4,074.784 points largely reflecting the declines in the share prices of HSBC Bank Malta plc and International Hotel Investments plc.
The share price of HSBC slipped 1.1% lower back to the €1.80 level across nine trades totalling 24,538 shares. Similarly IHI shed 1.6% back to the €0.905 level on low volumes of 2,050 shares.
Malita Investments plc shares also trended in negative territory today with a 1.1% drop back to the €0.89 level across 6,000 shares.
On the other hand, GO plc, RS2 Software plc and Medserv plc all continued to advance to new highs. Following five consecutive weeks of increases including last week’s 5.1% jump, GO’s equity moved a further 1.5% higher during this morning’s session to yet another 7-year high of €3.35 across ten trades totalling 26,650 shares. The Company is shortly expected to publish a shareholder’s circular in connection with the Extraordinary General Meeting (EGM) it shall be holding on 22 July during which shareholders will be asked to approve a number of resolutions related to the proposed spin-off of the Group’s property subsidiary.
Similarly, RS2 Software plc gained 2.2% to yet another all-time high of €1.83 across ten deals totalling 32,886 shares. Likewise, Medserv plc also advanced by 2.2% to a new all-time high of €2.35 on volumes of 12,325 shares.
Lombard Bank Malta plc also performed positively with a 1.2% increase to recapture the €1.849 level on a single trade of 5,000 shares.
The only other positive performing equity today was FIMBank plc with a 1.1% increase to regain the USD0.47 level on a trade of 22,078 shares.
Meanwhile, Bank of Valletta plc maintained the €2.29 level across fourteen deals totalling 44,514 shares. Likewise, the equity of Malta International Airport plc held on to the €3.35 level on shallow volumes of 1,450 shares. Plaza Centres plc also closed the day unchanged at the equity’s all-time high of €0.99 on a single deal of 4,000 shares.
Similarly, the share price of Grand Harbour Marina plc held on to the €1.90 level on low volumes of 4,455 shares.
On the bond market, the Rizzo Farrugia MGS Index edged 0.2% higher to 1,120.495 points as the 10-year yields in Spain and Italy drifted lower on renewed hopes of a Greek deal during today’s meeting of eurozone finance ministers.
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