GO share price surges to over 12-year high

The MSE Equity Price Index trended positively for the third consecutive day as it added a further 0.37% to 4,485.425 points. The increases in the share prices of GO and HSBC outweighed the drops in MIDI and Medserv while a further five equities closed the day unchanged. Trading activity contracted sharply and amounted to just €0.14 million compared to €0.59 million on Wednesday. The most active equities were GO, BOV and MIA while volumes in all other equities were trivial. GO plc advanced by 2% to its highest level since mid-September 2006 of €4.12 on total activity of 12,850 shares. On Wednesday, BMIT Technologies plc, which is GO’s data centre and cloud services subsidiary, issued a prospectus in relation to the Initial Public Offering of a total of 99.8 million ordinary shares and representing 49% of the company’s entire share capital. The prospectus explained that 79.3 million shares have already been allotted to a number of financial intermediaries, leaving 20.5 million shares available for the general public offer. The shares of BMIT Technologies plc are expected to be admitted to the Official List of the Malta Stock Exchange on February 15, 2019 and trading is expected to...