The share price of GO plc closed in positive territory for the seventh consecutive session of the stock exchange today, with a further 1.5% increase to €3.399 across five deals totalling 20,300 shares. GO’s equity has jumped 6.2% over the last four days following the company’s announcement in connection with the Extraordinary General Meeting (EGM) scheduled for 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 advanced for the seventh consecutive session with a further 3.8% increase to yet another all-time high of €1.90 across fifteen deals totalling 51,200 shares.
The three local retail banks also performed positively. Bank of Valletta plc edged 0.4% higher to recapture the €2.299 level on volumes of just over 35,000 shares. Similarly, the share price of HSBC Bank Malta plc edged 0.6% higher to regain the €1.81 level across ten deals totalling 28,250 shares. Lombard Bank Malta plc also inched minimally higher to €1.85 albeit on an insignificant deal of 35 shares.
On the other hand, International Hotel Investments plc eased marginally lower back to the €0.90 level across 87,734 shares.
The equity of Grand Harbour Marina plc also closed in negative territory with a 1.3% decline back to the €1.875 level on low volumes of 3,481 shares. The Company is scheduled to hold its Annual General Meeting on 30 June during which shareholders will be asked to approve the usual resolutions as well as a renominalistion of the shares from €0.232937 to €0.24 and a subsequent 2-for-1 share split.
Meanwhile, Medserv plc maintained its all-time high of €2.35 as a further 2,725 shares changed hands at this level.
Similarly, the share price of Malta International Airport plc held on to the €3.35 level on volumes of 2,720 shares and Malita Investments plc traded again at the €0.89 level (13,400 shares).
On the bond market, the Rizzo Farrugia MGS Index moved 0.2% higher to 1,122.929 points as the 10-year yields in Spain and Italy drifted lower on renewed hopes of a Greek deal that is expected to be reached during the upcoming meeting of eurozone finance ministers this Thursday. On the other hand, German bund yields continued to strengthen.
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