GHM share price up 4.4%

The share price of Grand Harbour Marina plc advanced by 4.4% to the €1.90 level during this morning’s trading session on the Malta Stock Exchange on activity of 8,000 shares.

The upturn in the share price was in response to the Company Announcement issued before the opening of the market wherein it was stated that the Board of Directors is scheduled to meet on Wednesday 27 February to consider the payment of an interim dividend. This follows the conclusion of a €3.1 million super-yacht berth sale in December 2012.

Elsewhere in the local equity market, the share prices of the two large Banks continued to edged higher with Bank of Valletta plc rising 0.8% to a new 52-week high of €2.279 on volumes of 7,272 shares ahead of the Bank’s Interim Directors’ Statement publication by the end of this week. Similarly, HSBC Bank Malta plc rose a further 0.6% to €2.75 in anticipation of the Bank’s full-year results publication on 4 March 2013.

GO plc shares also closed in positive territory with a 0.4% increase to the €1.385 level across five trades totalling 4,550 shares.

All other active equities ended today’s session unchanged. Overall, the MSE Share Index ended in positive territory for the eleventh time in the last thirteen sessions with a further 0.4% increase to a new 1-month high of 3,255.857 points.

On the bond market, the Rizzo Farrugia MGS Index was practically unchanged at 1,008.446 points as the benchmark 10-year German Bund yield remained close to last Friday’s close of 1.61% on further support for safe-haven assets in view of the increased perceived political risk towards peripheral debt.



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