Following last week’s 12.5 per cent slump in the share price of GO and the initial 1.6 per cent rebound yesterday on heightened activity, GO’s equity continued to recover today and advanced by 8.8 per cent to €3.48 on volumes of 39,800 shares.

Last Thursday, the company revealed that its majority shareholder Emirates International Telecommunications (Malta) Limited (EIT) intended to dispose of its 60 per centshareholding in GO in the ‘short-term’.

On Sunday, EIT issued a press release explaining that the process of disposing of its stake has just been initiated and therefore it has not yet identified a buyer for its shares.

The share price of Mapfre Middlesea edged up by 2.9 per cent to regain the €1.80 level across four deals totalling 5,387 shares. Yesterday, Mapfre Middlesea confirmed that following the preliminary agreement signed with Allcare Insurance Limited in May 2015, it entered into a sale of business agreement and a portfolio transfer agreement with Allcare.

The total consideration is of €1.1 million together with a deferred payment of up to a maximum of €0.5 million payable over a three year transitory period.

Similarly, the equity of Lombard Bank Malta trended in positive territory with a 0.5 per cent increase to close the session at the €1.96 level on shallow volumes of 9,605 shares.

On the other hand, Malta International Airport failed to hold on to yesterday’s all-time high of €4 as it slipped by 1.3 per cent to the €3.95 level across 11,458 shares.

Last week, the airport operator revealed record passenger numbers for the first six months of 2015 and upgraded its 2015 passenger growth forecast to +4.6 per cent. MIA is scheduled to publish its interim financial statements tomorrow.

Likewise, Tigné Mall retreated from yesterday’s all-time high of 89c and moved back to the 87c level on a single deal of 5,000 shares.

The equity of RS2 Software also trended in negative territory with a 2.2 per cent drop back to the €2.20 level albeit on low volumes of 8,651 shares.

Amongst the large cap equities, Bank of Valletta shed 0.9 per cent back to the €2.27 level and International Hotel Investments eased minimally lower to 83c5. Low volumes were evident across both equities.

Meanwhile, the equity of HSBC ended this morning’s session unchanged at the €1.82 level in a somewhat volatile session. The equity opened at an intra-day high of €1.84, only to subsequently retreat to an intra-day low of €1.80 before the final trade was executed at the €1.82 level. A total of 36,792 shares changed hands during this morning’s session.

Similarly, in the property segment, Plaza Centres closed unchanged at the 95c level on volumes of 47,950 shares and Malita Investments held on to the 90c level on a single trade of 1,000 shares.

The only two other active equities, FIMBank and Grand Harbour Marina also closed this morning’s session unchanged at 47cUS and 94c5 respectively on shallow volumes.

On the bond market, the Rizzo Farrugia MGS Index was practically unchanged today at 1,128.036 points as benchmark yields across the eurozone were flat.

www.rizzofarrugia.com

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