The MSE Share Index this morning edged 0.4 per cent higher to regain the 3,200-points level for the first time in a month. Today’s upturn was mainly due to the 0.4 per cent increase in Bank of Valletta plc to the €2.42,9 level across nine trades totalling 18,700 shares.
Similarly, GO plc moved 0.8 per cent higher to close at the €1.09,9 level across six trades totalling 10,300 shares.
Fresh demand also pushed up the share prices of Crimsonwing plc and FIMBank plc. The IT equity surged 7.1 per cent to a new 21-month high of 45c on volumes of 60,528 shares.
Crimsonwing last week published its half-year results revealing an improvement in profitability to €475,161 (compared to a break-even position in the six months ended September 30, 2011) on the back of a combination of increased revenues (especially in the UK and at Crimsonwing Promentum) as well as cost savings particularly related to the restructuring undertaken in Crimsonwing NL.
FIMBank’s share price edged 6.4 per cent to regain the USD0.83 level on a single deal of 3,000 shares.
The trade finance specialist will be holding an extraordinary general meeting on January 31 seeking shareholders’ approval on a staged offer by...
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