The share price of Crimsonwing plc jumped a further 7.8 per cent today to close at a new record level of 69c on volumes of 16,850 shares.

The market reacted positively to the publication of the March 2013 full-year results and the re-instatement of a dividend with a share price hike of 11.3 per cent over the last two trading sessions.

On Thursday afternoon, Crimsonwing revealed a record pre-tax profit of just below €1 million and confirmed that during the first quarter (April to June) of the current financial year (ending March 31, 2014) like-for-like revenues grew by 16 per cent to €5.02 million and like-for-like EBITDA jumped by 44 per cent to €570,000 (2012: €395,000).

Despite the further uplift in Crimsonwing, the MSE Share Index dropped 0.3 per cent to 3,451.439 points following losses in both large caps.

Bank of Valletta plc’s equity failed to hold on to last week’s multi-year high. The share priced eased 0.4 per cent lower to €2.33,1 on activity totalling 37,000 shares.

Likewise, HSBC Bank Malta plc dropped back to the €2.70 level on six trades amounting to 24,000 shares. The bank will be publishing its interim results next Monday.

Also in the financial sector, FIMBank plc dropped one per cent to the US99c level on a single deal of 5,000 shares. Today, an additional 36.3 million shares were issued to United Gulf Bank pursuant to the loan agreement and the announcement of July 4.

The share price of Medserv plc dropped 2.6 per cent to a new 2013 low of €3.70 on very low activity. The company recently announced that it was not awarded the tender submitted to operate a base for the oil industry in Tanzania.

The other active equities closed the day unchanged. Island Hotels Group Holdings plc traded at 66c (4,000 shares), GO plc maintained the €1.66 level on volumes of 3,500 shares and 1,000 Malta International Airport plc shares traded at €2.04.

On the bond market, the Rizzo Farrugia MGS Index eased lower once again – the sixth consecutive decline in the Index. Most MGS’s were priced marginally lower by the Central Bank with minimal changes taking place across international bond markets.

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