The share index reached a fresh seven-year high of 4,137.924 points as various equities trended higher during this morning’s session.
Most notably, the share price of Bank of Valletta advanced by 1.7 per cent to €2.33,9 across seven deals totalling 13,627 shares.
Also in the financial sector, the share price of Mapfre Middlesea rebounded from yesterday’s 6.7 per cent drop with a 7c increase during this morning’s session to recapture the €1.74 level albeit on a single trade of just 2,500 shares.
Amongst the large cap equities, Malta International Airport edged 0.6 per cent higher to regain the €3.40 level across 14,652 shares.
Similarly, GO’s share price trended 0.3 per cent higher to yet another nine-year high of €3.51 on volumes of almost 17,000 shares.
Likewise, International Hotel Investments edged 1c higher to close at the 86c level on shallow volumes of 1,250 shares. Last week, IHI sent the offer document and acceptance form to all Island Hotels Group Holdings in connection with its offer to acquire all the shares of IHG. Shareholders of IHG have until July 31 to submit the acceptance form.
The only other positive performing equity was Midi with a 2.9 per cent increase to a new three-year high of 35c across three deals totalling 85,000 shares.
On the other hand, the share price of HSBC eased minimally lower to €1.79,8 on shallow volumes of 8,186 shares.
Similarly, in the property segment, Plaza Centres (-1 per cent to 96c) and Malita Investments (-1.1 per cent to 89c) retreated marginally lower.
Meanwhile, Tigné Mall held on to the 85c level on a single trade of 4,000 shares.
The share price of RS2 Software also ended this morning’s session unchanged at the equity’s all-time high of €2.20 on strong volumes of 46,635 shares.
Likewise, Medserv held on to its all-time high of €2.35,5 across four deals totalling only 8,600 shares.
The only other active equity was MaltaPost with 2,320 shares changing hands at the €1.50 level.
On the bond market, the Rizzo Farrugia MGS Index edged 0.3 per cent higher to 1,114.978 points following a drop in yields across the eurozone although Greece has been given an ultimatum to reach a new debt deal by this Sunday otherwise it will be pushed out of the eurozone.
Elsewhere, Mediterranean Investments Holding last week published a prospectus in connection with a new €20 million bond at a coupon of 5.5 per cent maturing in 2020. The bond is earmarked to finance the redemption of the maturing 7.5 per cent bonds.
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