The share index kicked off this shortened week down 0.3 per cent to 4,299.433 points following a 2.9 per cent decline in the share price of GO and a two per cent decrease in FIMBank.
Volumes remained on the low side as only €143,600 worth of shares changed hands.
GO retreated by 2.9 per cent to the €3.35 level on volumes of 19,900 shares.
Last week GO announced that it will be convening an extraordinary general meeting on October 29 during which shareholders will be asked to authorise the board to seek bids for the entire issued share capital of the company and disclose any information required by potential bidders.
FIMBank also performed negatively as the equity released some of last week’s rally and closed the session down by two per cent at the 49cUS level across 19,102 shares.
The only positive performer of the day was Medserv. The equity of the oil and gas logistics company edged up 1.3 per cent to another all-time high of €3.09 on light volumes of 3,600 shares.
On October 12, the company will be convening an extraordinary general meeting during which shareholders will be asked to authorise the board to disclose the required information, including unpublished price-sensitive information, for any offeror and its advisers to make, confirm, withdraw or modify any offer made to the company.
Shareholders ought to have received a notice as well as an explanatory circular.
Meanwhile, all other equities traded unchanged. Bank of Valletta closed the session at €2.31 on volumes of 13,200 shares.
RS2 Software and Farsons closed at their respective all-time highs of €2.52 and €5.60 on negligible volumes of 1,700 and 2,500 shares.
Malta International Airport also remained unchanged at the €3.90 level on weak activity of 2,100 shares.
On the bond market, the RF MGS Index moved marginally higher (0.1 per cent) to 1,126.361 points as the benchmark 10-year German Bund declined marginally to 0.67 per cent this morning before slumping to 0.62 per cent in the afternoon as the chief economist of the ECB Peter Praet repeated last week’s concerns by the US Federal Reserve on the global economy. Mr Praet also showed concern over the Eurozone’s fragile economic recovery.
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