Sustained demand for GO plc shares help the price rise for the fourth consecutive session with the equity edging closer to its 2012 high of €1.20. The share price of the telecoms quad play operator advanced by a further 1.7% today to regain the €1.17 level across six trades totalling 21,135 shares. Following the rally in recent months, GO’s equity ranks among the top performing equities in 2012 with a year to date jump of over 19%. Nonetheless, investors are still waiting a decision on whether the Company will participate in the upcoming €30 million rights issue of Forthnet. On their part, GO’s Directors declared that a decision will only be taken once the related prospectus is issued.

On the other hand, the share prices of Bank of Valletta plc and HSBC Bank Malta plc both retreated by 0.4% to €2.34 and €2.36 respectively. Volumes were low with just €27,600 worth of trades exchanged across the two banking equities.

The declines in the banking equities forced the MSE Share Index 0.1% lower to 3,167.958 points.

No other trades were executed during this morning’s session. Most notably no deals took place in 6pm Holdings plc shares despite a letter by the CEO Ivan Bartolo, to all the Company’s shareholders, indicating that 6pm maintained a profitable position throughout the year. As a result, Mr Bartolo added that the Board of Directors will be recommending the payment of a final dividend and the distribution of more bonus shares once the full-year results are approved in 2013.

On the bond market, the Rizzo Farrugia MGS Index edged marginally higher to close at 1,002.536 points despite a continued rally in benchmark 10-year German Bund yields which touched the 1.46% level for the first time in four weeks. The rally in benchmark Eurozone yields in recent days reflects hope that a deal over the US budget is close, the improved Greek rating from selective default to ‘B-‘, rising German business confidence as well as expectations of further stimulus measures by the Bank of Japan.