Trading activity across the local equity market remained high also during this morning’s session as €420,000 worth of equities changed hands today.
The share index moved back into positive territory with a 0.2 per cent increase to 4,092.335 points largely driven by the 11.1 per cent jump in the share price of Simonds Farsons Cisk to a fresh all-time high of €4.50 albeit on just 1,275 shares.
The Farsons Group is scheduled to hold its annual general meeting this afternoon during which shareholders will be given an overview of the proposed Farsons Business Park project and the planned property spin-off.
GO edged up 0.3 per cent to yet another new eight-year high of €3.41 across 11 trades totalling 26,600 shares. GO’s equity performed positively for the past six days following the company’s announcement in connection with the extraordinary general meeting scheduled for July 22 during which shareholders will be asked to approve a number of resolutions related to the proposed spin-off of the group’s property subsidiary.
Midi edged 2.1 per cent higher to regain the 33c8 level (just below its 2015 high of 34c) on low volumes of 8,000 shares.
HSBC also performed positively with a marginal uplift to the €1.80,1 level across 38,236 shares.
The only other positive performing equity was Malta International Airport with a minimal increase to €3.35 on a single trade of 1,180 shares.
On the other, the share price of Bank of Valletta eased 0.4 per cent lower back to the €2.29 level across four deals totalling 9,632 shares.
The share price of International Hotel Investments trended in negative territory for the fourth consecutive session with a further 1.1 per cent drop back to the 88c level on volumes of 32,700 shares.
Similarly, the equity of FIMBank eased 0.9 per cent lower back to the 46c6US level on a single deal of 6,980 shares. Likewise, MaltaPost retreated by 3.2 per cent from its all-time high of €1.55 back to the €1.50 level albeit on shallow volumes of 2,424 shares.
Plaza Centres continued to slip away from its all-time high of 99c with a further 0.4 per cent decline during this morning’s session back to the 98c1 level on strong volumes of 84,000 shares.
Meanwhile, RS2 Software maintained its record high of €1.95 as a further 20,900 shares changed hands at this level. Medserv also held on to its all-time high of €2.35,5 on just 1,000 shares.
Similarly, Malita Investments held on to the 89c level across three deals totalling 24,000 shares.
Lombard Bank Malta also maintained its previous closing price of €1.85 on volumes of 23,692 shares.
On the bond market, the Rizzo Farrugia MGS Index moved a further 0.1 per cent lower to 1,121.011 points as Greece continued with its attempt to break a five-month impasse in its debt negotiations with its three international creditors ahead of the June 30 deadline for the Mediterranean country to repay €1.6 million in outstanding loans to the International Monetary Fund (IMF).
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