The equity of Bank of Valletta plc closed in positive territory for the third consecutive session with a further 0.5 per cent increase to regain the €2.16 level for the first time in over a month, albeit on low volumes of 2,615 shares.
Similarly, the share price of GO plc edged 0.5 per cent higher to close this morning’s session at the €2.01 level also on shallow activity of 5,885 shares.
Yesterday, Go replicated an announcement made by Forthnet in which it stated that Vodafone Greece has been granted an option to acquire 14,584,853 shares of Forthnet (equivalent to 13.25 per cent of Forthnet’s issued share capital) currently held by WIND Hellas.
When the transaction is effected, Vodafone’s shareholding in Forthnet will increase to 19.75 per cent equivalent to the resulting stake of WIND Hellas in Forthnet.
Forgendo, the joint venture between Emirates International Telecommunications and Go plc, is the largest shareholder in Forthnet with an equity stake of 44.96 per cent.
Meanwhile, all other active equities ended this morning’s session unchanged.
Most notably, HSBC Bank Malta plc failed to hold on to an intra-day high of €2.11 to end unchanged at the €2.10 level on just 9,414 shares. Also in the financial sector, FIMBank plc maintained the 70cUS level on a trade of 7,150 shares.
Likewise, no change was registered in the share price of Simonds Farsons Cisk plc as a further 2,386 shares traded at the €2.95 level.
Yesterday afternoon, Farsons published its interim directors’ statement covering the first quarter of the current financial year ending next January 31.
During the period under review, the group reported that is faced an increasingly competitive environment within all sectors in which it operates. Nevertheless, profitability for the period is in line with that registered during the same period last year and the group continues to maintain a healthy cash generation.
Similarly, the equity of Tigné Mall plc traded unchanged at the 51c1 level on a small deal of 2,000 shares.
This morning, 6pm Holdings plc published an announcement revealing that it licensed its CareSolutions software suite to an American based company, Javali LLC in exchange for 10 per cent of Javali’s capital.
The latter will also be entrusted, backed by the support of 6pm’s resources, with the further developing of the software solution to be applicable to financial institutions.
In this respect, 6pm will be awarded a 45 per cent stake in a company which eventually will be given exclusive rights to market the new solution across Europe.
On the bond market, the Rizzo Farrugia MGS Index edged 0.1 per cent higher to a new all-time high of 1,042.835 points as Eurozone yields dipped marginally lower to the 1.40 per cent level.
www.rizzofarrugia.com