Shares of RS2 Software plc remained in demand during this morning’s session helping the equity to climb a further 5.3 per cent to reach a new 43-month high of 69c across two trades totalling 35,000 shares.
Lowest offers are now placed at 70c with unsatisfied demand in the market at 67c.
Earlier this month, the directors of RS2 announced that they are expecting the results of 2012 to be higher than those of 2011 after securing two licence and service agreement with an aggregate initial value of €6.5 million.
Moreover, by year-end, the directors also expect to conclude a third significant licence and service agreement as well as the first contract in connection with the newly launched managed services.
Crimsonwing plc initially regained its 25-month high of 42c5 but soon retreated back to the 41c level, representing a 1.2 per cent rise over yesterday’s close.
A total of 25,950 shares changed hands across two trades. The other IT equity listed on the Malta Stock Exchange, 6pm Holdings plc, also closed in positive territory today with a 3.3 per cent jump to the £0.31 level on low volumes 5,800 shares.
On the other hand, Bank of Valletta plc eased marginally lower to close at €2.41,9 after failing to hold on to an intra-day high of €2.42,5 across four deals totalling 11,850 shares.
The share price of Middlesea Insurance plc shed 5.4 per cent to the 70c level on a single trade of just over 2,000 shares.
Meanwhile, HSBC Bank Malta plc held on to the €2.75 level on very low volumes of 365 shares. GO plc also ended this morning’s session unchanged at the €1.06,5 level after recovering from an intra-day low of €1.05 with a total of 6,000 shares changing hands.
A single trade of 4,760 International Hotel Investments plc shares was executed at the €0.87 level, unchanged from the previous close.
On the bond market, the Rizzo Farrugia MGS Index moved 0.1 per cent higher to a new two-year high of 1,000.953 points as benchmark German Bund yields retreated back to the 1.4 per cent level on increased demand for safe-haven assets in view of the prevailing uncertainties particularly with respect to the US fiscal cliff.
Yields of peripheral countries also retreated today after the European Commission approved a €40 billion aid programme for Spain’s rescued banks. This led Italian yields to touch 4.656 per cent - the lowest level since June 12, 2011.
On the secondary market, high volumes of €21.86 million worth of Malta Government Stocks traded today – this represents the second highest daily activity in MGS this year.
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