The share prices of the two large banks both dropped for the second consecutive session. HSBC Bank Malta plc slipped a further 0.8 per cent to a one-year low of €2.54 across nine trades totalling 18,838 shares.
Similarly, the share price of Bank of Valletta plc retreated by 0.8 per cent to the €2.35,2 level on volumes of 16,797 shares.
The equity of GO plc only partially recovered from an intra-day low of €1.55 to end this morning’s session 1.3 per cent lower at the €1.58 level on volumes of just over 4,000 shares.
A single trade of 2,000 Simonds Farsons Cisk plc was transacted at the €2.78 level representing a 0.7 per cent decline from the previous close.
Meanwhile, the share price of RS2 Software plc touched yet another all-time high of €1.80 before easing back to close at the €1.79 level which still represents a 0.6 per cent increase over the previous day’s closing price.
RS2 is scheduled to hold an extraordinary general meeting (EGM) on October 2 for shareholders to consider and approve a number of changes to the company’s memorandum and articles of association necessary to finalise the agreement by which Barclays Bank plc will acquire a 10 per cent shareholding and confirm a licence agreement worth £8.5 million. Barclays also indicated their intention to increase their stake to 20 per cent.
Island Hotels Group Holdings plc also continued to trend upwards with the equity edging 1.8 per cent higher to regain the 84c5 level on two deals totalling 6,000 shares.
In the property sector, MIDI plc inched 2.1 per cent higher from its all-time low of 23c5 to today’s close of 24c on a single trade of 1,000 shares. Malita Investments plc also moved minimally higher to regain its IPO level of 50c across three trades totalling 18,000 shares.
Higher volumes were transacted in Malta International Airport plc with the share price up 0.5 per cent to regain the €1.88 level across 13 trades totalling 42,980 shares.
On the bond market, the Rizzo Farrugia MGS Index edged 0.1 per cent higher to 1,023.420 points as the benchmark Eurozone yields slipped back to the 1.9 per cent level on renewed concerns over tensions in Syria.
Meanwhile, Medserv plc yesterday announced the issuance of €13 million 6 per cent Secured and Guaranteed Notes due 2020/23. Interest is payable twice yearly on March 31 and September 30.
The preplacement will take place on September 19 and the public offer opens on September 23. Minimum applications are for €2,000 and in multiples of €100 thereafter.
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