GO’s equity edges closer to 2012 high

Sustained demand for GO plc shares help the price rise for the fourth consecutive session with the equity edging closer to its 2012 high of €1.20. The share price of the telecoms quad play operator advanced by a further 1.7% today to regain the €1.17 level across six trades totalling 21,135 shares. Following the rally in recent months, GO’s equity ranks among the top performing equities in 2012 with a year to date jump of over 19%. Nonetheless, investors are still waiting a decision on whether the Company will participate in the upcoming €30 million rights issue of Forthnet. On their part, GO’s Directors declared that a decision will only be taken once the related prospectus is issued. On the other hand, the share prices of Bank of Valletta plc and HSBC Bank Malta plc both retreated by 0.4% to €2.34 and €2.36 respectively. Volumes were low with just €27,600 worth of trades exchanged across the two banking equities. The declines in the banking equities forced the MSE Share Index 0.1% lower to 3,167.958 points. No other trades were executed during this morning’s session. Most notably no deals took place in 6pm Holdings plc shares despite a letter by the CEO Ivan Bartolo, to all the...