RS2 trades up to another record high

The share index closed virtually unchanged at 4,528.666 points as the gains registered across four equities offset the declines in two other shares. Week-on-week, the Index advanced by 0.91 per cent on robust trading volumes totalling €2.44 million.

Positive sentiment towards RS2 Software continued as the equity touched a new record high of €3.65 before closing at the €3.64,5 level, representing a gain of 0.3 per cent over yesterday’s closing price. A total of 30,100 shares changed hands today. RS2 was the best performer this week with a rally of 7.2 per cent.

Bank of Valletta advanced 0.8 per cent to nearly a three week high of €2.22,9 on volumes of 43,526 shares. Last Friday, the bank announced the issuance of €50 million 3.5 per cent Tranche 2 subordinated bonds 2030 at par (100 per cent) forming part of its debt issuance programme launched in October 2015.

Midi was the best performing equity of today’s trading session as it regained the 36c level (+2.9 per cent) across 188,750 shares. The company will publish its 2015 results on March 28. The board of directors will also be considering the recommendation of a final dividend.

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