The share index today edged a further 0.2% higher to 4,546.001 points as the uplift in the share prices of GO, RS2, FIMBank, Farsons and MaltaPost outweighed the declines in BOV and Tigne Mall.
During this shortened week, the local equity benchmark edged 0.9% higher as various equities including GO and RS2 trended higher to offset the weekly decline in BOV.
The share price of GO added 0.3% to recapture the €3.24,9 level across eight deals totalling 20,784 shares.
Similarly, RS2 Software edged 0.3% higher to €1.62 on volumes of 8,000 shares.
FIMBank shares also trended in positive territory with a 2.9% jump to the 87c5US level on a single trade of 20,000 shares.
MaltaPost reached a new all-time high of €2.02 representing a 1% increase over the previous closing price. The equity will continue to trade with the entitlement to the final net dividend of 4c per share until next Friday.
The only other positive performing equity was Simonds Farsons Cisk with a 7% jump to regain the €6.90 level albeit on shallow volumes of 720 shares.
On the other hand, the share price of Bank of Valletta shed 1.5% back to the €2.24 level across six trades totalling 12,569 shares.
This morning, the bank held its annual general meeting during which the chairman and the CEO emphasised the need for the bank to revise its business model and raise fresh capital in line with the more stringent regulations being imposed on European banks.
Shareholders approved a number of resolutions including the recommendation of a final dividend of 8c5 per share as well as a one for 13 bonus share issue.
Likewise, the equity of Tigne Mall trended in negative territory with a 0.8% drop back to the €1.19 level on a small deal of 500 shares.
Meanwhile, MIDI ended the session unchanged at the 33c5 level after recovering from a fresh 2016 low of 31c5 across a total of 10,000 shares.
Similarly, Malta International Airport maintained the €4.05 level on volumes of 14,200 shares.
On the bond market, volatility persisted as the Rizzo Farrugia MGS Index jumped 0.6% today to regain the 1,145.914 points level as Eurozone yields slumped back to the 0.32% level.
Demand for ‘safe-haven’ instruments intensified amid the growing volatility across financial markets.
This article is provided by Rizzo Farrugia Investment Consultants.