The share price of 6pm holdings plc soared by 37.9 per cent during this morning’s session on renewed demand for the IT equity following yesterday’s announcement revealing a number of new contracts.

Yesterday evening, the group revealed that it successfully licenced its CareSolutions Climate-HIV management solution to three trusts forming part of the National Health Service (NHS) in the UK.

Moreover, 6pm also won a competitive bid for a major Integrated Record Management (IRM) project worth over £2 million with one of the largest hospitals in the UK.

A total of 78,975 shares changed hands today with the share price reaching a new 21-month high of £0.40 with further bids in the market at the last closing price and lowest offers now placed at the £0.45 level.

Shallow trading activity was evident across the rest of the market as investors await the start of the full-year reporting season which kicks off this Friday with Malita Investments plc and Island Hotels Group Holdings plc issuing their financial statements.

Bank of Valletta plc retreated by 0.9 per cent to €2.26 on volumes of just over 10,000 shares with HSBC Bank Malta plc’s share price slipping by 0.4 per cent to the €2.74 on a single deal of 1,000 shares.

The only other active equity today was GO plc which held on to the €1.38 level on a trade of 2,080 shares.

On the bond market, the Rizzo Farrugia MGS Index eased minimally lower to 1,007.313 points reflecting this morning’s initial uptick in benchmark Eurozone yields to the 1.64 per cent level as Germany’s investor confidence index improved by more-than-expected to a new three-year high.

However, the benchmark 10-year German Bund yield slipped back to the 1.62 per cent level later on in the day.

Last week the Treasury of Malta announced the issue of €200 million in a combination of two new Malta Government Stocks as follows: (i) Three per cent MGS 2019 (III) and (ii) 4.5 per cent MGS 2028 (II) at prices to be determined on Thursday. Subscriptions open on Monday and close on February 27 for the public.

www.rizzofarrugia.com

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