New bids for GO plc emerged during this morning’s session lifting its share price up 7.1 per cent to a fresh two-year high of €1.65 across 14 trades totalling 38,796 shares.

The equity of Bank of Valletta plc also advanced with a 0.9 per cent increase to its 2013 high of €2.30 on volumes of 19,190 shares.

Similarly, new bids helped the share price of Crimsonwing plc edge 3.3 per cent higher to a new all-time closing high of 62c across 38,796 shares.

The company is scheduled to publish its full-year results tomorrow.

As noted in the trading update published on May 23, the group is expected to reveal a 15 per cent increase in revenue to just under €18 million with a projected rise of a further 11 per cent to above €20 million for the current financial year ending March 31, 2014.

These three positive performing equities helped the MSE Share Index gain 0.6 per cent to 3,440.367 points – less than one point below its 2013 high reached on June 19.

On the other hand, Lombard Bank Malta plc temporarily touched a new 2013 high of €1.96 before easing back to end this morning’s session unchanged at the €1.85 level on volumes of 8,131 shares.

Likewise, no change was registered in the share price of Malta International Airport plc with 1,000 shares changing hands at the €2.04 level.

On the bond market, the Rizzo Farrugia MGS Index dipped 0.1 per cent to 1,027.341 points as the benchmark 10-year Eurozone yield surged above the 1.6 per cent level given the unexpected return to growth of eurozone’s private industry.

Data published this morning revealed that manufacturing activity in the Eurozone grew for the first time in more than one and a half years thereby relieving some of the pressure off the European Central Bank to loosen further its monetary policy.

www.rizzofarrugia.com

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.