The share price of RS2 Software plc ended this morning’s session at an all-time high of €1.80 across 10 deals totalling 83,165 shares.

RS2 recently reported substantially improved profits for the first six months of this year mainly due to the recognition of €5.5 million revenue related to the licence agreement reached with Barclays Bank plc which is also in the process of acquiring 10 per cent of the shares of RS2 and already planning to acquire a further 10 per cent.

This deal is still subject to certain changes in the company's memorandum and articles of association which are to be presented to shareholders for approval during the extraordinary general meeting to be held on October 2.

Elsewhere in the secondary market, Bank of Valletta plc edged 0.3 per cent higher to regain the €2.36 level on low volumes of 3,793 shares. Meanwhile, HSBC Bank Malta plc recovered from a new 1-year low of €2.53 to end the session unchanged at the €2.55 level on higher volumes of 66,300 shares.

On the other hand, the equity of Malta International Airport plc slipped 0.5 per cent back to the €1.89 level on just 2,160 shares.

MIA yesterday reported a 9.9 per cent increase in passenger movements in August to an all-time monthly record of 507,646 passenger movements. Similarly, Plaza Centres plc lost 0.9 per cent back to the 56c level across three deals totalling 53,600 shares.

On the bond market, the Rizzo Farrugia MGS Index shed a further 0.2 per cent to drop to 1,021.215 points as the benchmark Eurozone yields maintain their positive trend to clinch the two per cent level for the first time since March 2012.

However, by this afternoon, the benchmark 10-year Bund yields slipped back below the two per cent level after the European central Bank (ECB) announced that it is holding its benchmark interest rate at the historically low 0.5 per cent and reiterated that low rates will stay for some time to counteract downside growth risks present in the region’s economy.

Meanwhile, Medserv plc recently announced the issuance of €13 million six 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.

www.rizzofarrugia.com

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