Farsons climbs to record high

The share index extended yesterday’s gains as it advanced by a further 0.1% to 4,729.757 points, the highest level in over three months.

This reflected the increases in the share prices of RS2 (+2.2%) and Farsons (+1.7%) which outweighed the drops in PG (-1.5%), HSBC (-0.5%) and BOV (-0.05%). 

Meanwhile, four other shares closed the day unchanged. Trading volumes declined substantially to €0.27 million from €0.65 million yesterday.

RS2 Software registered its 12thconsecutive daily uplift with a further gain of 2.2% to a fresh 2017 high of €1.83 across 59,200 shares.

The equity of Simonds Farsons Cisk advanced by 1.7% to a new all-time high of €7.73 across three deals totalling 2,100 shares.

In the retail banking sector, Bank of Valletta eased minimally lower to the €2.19,9 level across 9,000 shares whilst HSBC slipped back to the €2.07 level (-0.5%) on four deals totalling 5,000 shares.

PG retreated by 1.5% from its record high of €1.32 to the €1.30 level across 15,600 shares.

Meanwhile, Malta International Airport maintained the €4.15 level across 7,050 shares. The airport operator is expected to announce the June traffic results and the updated traffic forecasts for 2017 in...