Further demand for GO plc shares lifted the equity of the quad-play telecoms operator by a further 4.4 per cent during this morning's session to yet another one-month high of 95c across eight trades totalling 35,000 shares.

GO's share price rallied by 11.8 per cent this week ahead of the board's decision on whether GO will participate in Forthnet's €30 million rights issue. This was meant to be issued by the end of the month.

The share price of Middlesea Insurance plc also closed in positive territory today with a further 9.4 per cent rise to regain the 75c5 level on miniscule volumes of 164 shares. The insurance equity ranks as the best performer of the week with a 16.2 per cent weekly jump.

On the other hand, the equity of Lombard Bank Malta plc continued to sink lower as the share price dropped to a new seven-year low of €1.82 across two deals totalling 2,431 shares.

The only other active equity was Malita Investments plc which maintained the 51c level across two trades amounting to 10,800 shares.

On the bond market, the Rizzo Farrugia MGS Index edged marginally higher for the fourth consecutive session to reach a new 1-month high of 997.623 points reflecting the further decline in Eurozone yields to the 1.42 per cent level.

This week, the local MGS benchmark edged 0.2 per cent higher reflecting the decline in benchmark 10-year German Bund yields from last Friday's close of 1.60 per cent to the current 1.42 per cent as demand for safe-haven assets was sustained given the uncertainty on Spain's decision to ask for a bailout.

Moreover, bond yields also dropped in anticipation of the outcome of a review of Spain's credit rating by Moody's as well as the upcoming round of bank stress tests.

www.rizzofarrugia.com

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