New bids emerged during this morning’s session helping the share price of Malita Investments advance by a further 1.6 per cent to reach yet another new all-time high of 62c across six deals totalling 44,000 shares.
Similarly, the equity of Tigné Mall edged 3.6 per cent higher to a fresh high of 58c on a single trade of 8,800 shares.
Amongst the small caps, Medserv also closed in positive territory with its share price moving 1.5 per cent higher to regain the €1.39 level for the first time since September 30 on volumes of 25,000 shares.
The only other positive performing equity was HSBC which trended higher for the third consecutive session with a further 0.8 per cent increase to recapture the €1.93,5 level on just 2,000 shares.
On the other hand, GO ended this morning’s session in negative territory with a 0.8 per cent decline back to the €2.52 level after only partially recovering from an intra-day low of €2.45 across shallow volumes of 4,735 shares.
Meanwhile, a further five equities ended the session unchanged. Most notably, a single trade of 44,700 shares of MIDI was executed at the equity’s all-time low of 21c, unchanged from the previous closing price.
Likewise, the share price of MaltaPost plc maintained the €1.22 level after only briefly touching a new all-time high of €1.22,1 across four deals totalling 19,000 shares. The postal operator is scheduled to publish its preliminary full-year results next Tuesday.
The equity of Simonds Farsons Cisk was also active this morning with 200 shares changing hands at the €3.02 level.
This afternoon, the Farsons Group issued an interim announcement explaining that since July 31, it has continued to face a dynamic market and intense price competition.
The directors noted that construction works on the new beer packaging hall were on schedule while plans on the Farsons Business Project were expected to be completed by mid-next year.
As previously announced, the group will be holding an extraordinary general meeting during the last quarter of next year seeking shareholder approval to spin-off its non-core property interests into a separate and distinct public limited company.
The only two other active equities, namely Bank of Valletta and International Hotel Investments, also ended this morning’s session unchanged at €2.24 and 53c5, respectively.
On the bond market, the Rizzo Farrugia MGS Index edged 0.1 per cent higher to 1,096.792 points although benchmark Eurozone yields continued to approach the 0.75 per cent level this morning.
Nonetheless, volatility in European yields is increasing on mixed bets as to whether the European Central Bank will be announcing new stimulus measures following tomorrow’s monthly monetary policy meeting or will be postponing any further action to 2015.
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