The share index recovered some of yesterday’s losses and ended the day 0.2 per cent higher at 4,307.714 points as the positive performance of four equities outweighed the loss in MIA.
GO was the most traded equity for the second day running as 53,546 shares changed hands and held the share price of the quad-play operator edge 0.6 per cent higher to close at the €3.37 level. GO will be holding an extraordinary general meeting on October 29.
Activity in HSBC was also encouraging with 22,600 shares changing hands. The equity inched 0.5 per cent higher to €1.84,9.
The other positive performers were Mapfre Middlesea and Medserv albeit on light volumes.
Mapfre maintained its positive momentum and closed up 1.3 per cent at a new 2015 high of €2.27,9 across 4,692 shares. On September 18, the company informed the market Untours Insurance Agents Ltd will become an agent of Mapfre Middlesea with effect from December 1. This agreement is subject to the customary regulatory approvals.
Medserv edged up another 0.3 per cent to a new all-time high of €3.10 on light volumes of 7,000 shares. On October 12, the company will be convening an extraordinary general meeting during which shareholders will be asked to authorise the board of directors to disclose the required information (including unpublished price-sensitive information) for any offeror and its advisers to make, confirm, withdraw or modify any offer made to the company. Shareholders ought to have received a notice as well as an explanatory circular.
The only negative performer was Malta International Airport as a single trade of 2,300 shares sent the equity 0.3 per cent lower to the €3.89 level.
Meanwhile, all other equities traded unchanged. Bank of Valletta closed the session at €2.31 on volumes of 7,500 shares. Also in the banking sector, a single trade of 10,000 shares in FIMBank left the equity unchanged at the 49cUS level.
In the property sector, insignificant volumes were traded in Malita Investments and Tigne’ Mall with both equities closing unchanged at the 93c and 92c9 levels respectively.
Similarly, a single trade of 1,000 shares in 6PM Holdings took place at the 70p level.
On the bond market, the RF MGS Index added a further 0.3 per cent to 1,129.738 points as the benchmark 10-year German Bund eased to the 0.60 per cent level.
During the day, contrasting news emerged with the Eurozone’s purchasing managers index for Q3 2015 showing the best reading in four years while there was a slight contraction in services activity as well as manufacturing.
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