Few trades were effected on the Malta Stock Exchange this morning with only 4 equities registering trades. While HSBC Bank Malta plc, Malta International Airport plc and Simonds Farsons Cisk plc all closed unchanged, the share price of Bank of Valletta plc eased by a further 0.5% to close at €3.262 after touching a high of €3.32 last Tuesday.

The full-year results announcements by a number of companies in recent days failed to ignite investor interest mainly on lack of offers in the market. Simonds Farsons Cisk reported an encouraging increase in profitability yesterday and with the only shares on offer at €1.72 taken up this morning, the lowest offers are now placed at the €2.00 level.

Similarly, following Medserv’s announcement of record profits last week the share price edged up to an all-time high of €4.30 and now the only offers in the market are placed at the €4.50 level. Likewise, the results and dividend announcement by Grand Harbour Marina at the start of the week generated fresh demand for 10,000 shares at €1.90 but the lowest offers are placed at €1.98.

This morning International Hotel Investments plc published its 2009 Preliminary Profit Statement. The financial statements show a €1.6 million loss as the Group’s turnover declined by 19.3% to €103.3 million on the back of a challenging year for the international hospitality industry.

On the bond market, the recently listed 6.8% Premier Capital bonds traded again at 101.50% with further bids remaining unsatisfied in the market at this level and offers entering the market at 102%.

More information is available on www.rizzofarrugia.com