The share index jumped 0.9 per cent during this morning’s session to reach a fresh seven-year high of 4,155.626 points as various equities trended in positive territory.
Most notably, the equity of HSBC moved 3.9 per cent higher to regain the €1.85 level across 10 deals totalling 22,518 shares. The bank is scheduled to publish its interim results on August 3.
The share price of Malta International Airport trended higher for the fourth consecutive session with a further 1.4 per cent increase during today’s session to reach a new all-time high of €3.55 across 11 deals totalling 41,579 shares.
The airport operator is shortly expected to issue its June traffic results and updated passenger forecasts for 2015. Meanwhile, the interim financial statements will be published on July 29.
Likewise, RS2 Software gained 1.4 per cent to hit a new all-time high of €2.25 on volumes of 68,080 shares.
Similarly, new bids lifted the share price of GO by a further 0.6 per cent to a fresh nine-year high of €3.60 across 14 deals totalling 48,170 shares. The telecoms quad-play operator is scheduled to hold an extraordinary general meeting on Wednesday in connection with the proposed property spin-off.
A new high was also registered by the equity of Simonds Farsons Cisk at the €4.95 level representing a 6.5 per cent jump from the previous closing price albeit on a small trade of 101 shares. The Farsons Group is also in the process of undertaking a property spin-off with an extraordinary general neeting expected to be held at the end of 2015.
MaltaPost shares also featured amongst today’s positive performers with a 0.6 per ceent increase to recapture the €1.51 level on a single trade of 1,015 shares.
On the other hand, the share price of Bank of Valletta eased 0.8 per cent back to the €2.28,1 level on volumes of 29,675 shares.
Also in the financial sector, FIMBank’s equity retreated by 3.2 per cent back to the 45c1US level across 15,823 shares. The trade specialist yesterday announced the appointment, subject to regulatory approval, of Muralidhar Rama Subramanian as the group’s new CEO. while acting CEO Simon Lay has been appointed deputy CEO of the group.
The only other negative performing equity was MIDI with a 0.6 per cent slip back to the 34c level on shallow volumes of 1,600 shares.
Meanwhile, no changes were registered in the share prices of Tigné Mall (86c) on a single trade of 22,000 shares and Mapfre Middlesea (€1.67) on low volumes of 5,000 shares.
On the secondary market for local government bonds, the Rizzo Farrugia MGS Index trended in positive territory for the fourth consecutive session with a further 0.2 per cent increase to a three-week high of 1,121.067 points . This is in line with the further declines in the 10-year yields of Spain and Italy which have moved below the two per cent level for the first time since early June.
Earlier this week, 6pm Holdings published a prospectus dated July 8 in connection with a new €13 million bond issue. The 6pm bonds are reserved for shareholders as at the close of trading on June 4.
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