Following yesterday's media release by Crimsonwing plc revealing three new international contracts including one with Mothercare, fresh bids emerged this morning lifting the equity 28 per cent higher to a new one-year high of 32c on volumes totalling 49,500 shares.

Lowest offers in Crimsonwing shares are now placed at the 35c level. Crimsonwing's CEO David Walsh also revealed that the company is implementing a three-year plan aiming to grow turnover to €20 million and achieve a pre-tax profit of €2 million.

The share price of Bank of Valletta plc also climbed by 1.3 per cent during this morning's session to regain the €2.30 level ahead of the bank's full-year results publication on Friday. A total of 10,604 shares changed hands today across 11 trades with further shares on offer at the €2.30 level.

Meanwhile, the share price of HSBC Bank Malta plc eased by 0.7 per cent (the fifth consecutive decline) back to the €2.70,1 level on volumes of just over 8,500 shares. Also in the financial sector, Lombard Bank Malta plc held on to the €1.87 level on a single deal of 3,000 shares.

All other active equities ended today's trading session unchanged on low volumes.

On the bond market, the Rizzo Farrugia MGS Index eased 0.1 per cent lower to a new five-week low of 994.075 points although Eurozone yields were range-bound between 1.6 per cent and 1.61 per cent.

Meanwhile, Spanish 10-year yields have again surpassed the 5.5 per cent level after Moody's downgraded five of the country's regions including the Catalonia region which is one of the highest indebted regions.

Last week, the Treasury announced the issue of three new Malta Government Stocks for a total aggregate amount of €100 million subject to an over-allotment option of up to a further €40 million.

The three new stocks are: (i) 3.75 per cent MGS 2017 (IV) (Fungibility Issue); (ii) 4.3 per cent MGS 2022 (II) (Fungibility Issue) and (iii) 4.8 per cent MGS 2028 (I). Offer prices will be determined on Thursday ahead of the opening of subscriptions on Monday.

www.rizzofarrugia.com

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