Nally lower

cline in its share price for the third consecutive month, having slipped by 1.6 per cent. The equity was active over 38 transactions of 81,477 shares, closing €0.06 lower at €3.64.

BMIT Technologies plc

shares slipped by a minimal 0.4 per cent, as 26 trades of 192,550 shares were concluded, to close at €0.478.

Malta Properties Company plc shares partially erased April’s 10 per cent gain, having decreased by 1.8 per cent in May. The equity was active across nine deals of 45,680 shares, closing at €0.54.

Malita Investments plc shares rose by €0.04 or 4.7 per cent, across 13 deals of 63,553 shares, closing at €0.89.

Trident Simonds (SFC),

Estates

Farsons

plc

shares closed unchanged at €1.55, on two trades of 10,342 shares. The company reported that revenue was up by €0.1 million, as it amounted to €1.2 million for the financial year ended January 31, 2020. The group’s operating profit improved by 68 per cent, as it amounted to €0.5 million, arising from higher revenue and lower costs. Profit before tax declined by 70 per cent to €0.3 million when compared to the previous financial year’s figure.

Borrowings stood at €2.2 million, representing a partial drawdown of the secured long-term facility from a third party bank granted to partfinance the Trident Park project, of which €26.3 million remain available and unutilised. The group’s equity was up by 39 per cent to €52.5 million, mainly reflecting the €15 million increase in share capital resulting from the rights issue that took place in November 2019.

MIDI plc shares increased by 3.5 per cent, across nine trades of 66,150 shares, closing at €0.41.

The food and beverage supplier

Cisk

plc

registered a 3.6 per cent loss, to close €0.30 lower at €8. SFC shares were active over 38 transactions of 16,092 shares. The board approved the annual report and consolidated financial statements for the year ended January 31, 2020. This shall be submitted for shareholders’ approval at the forthcoming Annual General Meeting (AGM) to be held on a date not yet confirmed.

An increase of 3.7 per cent in turnover was recorded, as it stood at €103.5 million. While the group registered a turnover growth across all segments, reported pre-tax profits were 12.6 per cent lower than the previous year, reaching €12.3 million. An interim net dividend of €1,000,000 (€0.0333 per ordinary share) was approved at the board meeting held on September 25, 2019 and distributed to shareholders on October 16, 2019. In light of the current unprecedented times, the board does not consider it appropriate at this time to recommend the payment of a final dividend to the forthcoming AGM.

The oil and gas logistics services operator Medserv plc, registered a loss for the sixth consecutive month. The equity was negotiated across 14 trades of 73,670 shares, closing €0.19 or 21.3 per cent lower at €0.70.

Grand Harbour Marina plc

shares fell by four per cent over three deals of 1,913 shares, to close at €0.72.

Loqus Holdings plc

shares appreciated by 21.3 per cent, on two transactions of 12,000 shares, closing at €0.097. The company announced that Loqus UK Ltd, a fully owned subsidiary of the company, has acquired 100 per cent of the issued share capital of Simno Software Services Limited. This is a software company incorporated and registered in England and Wales, with five employees. Loqus UK has a three-year period to pay Simno, out of profits generated by Simno itself. This newly acquired company provides software support services to mainly one large customer, which is also a customer of Loqus Group. This acquisition is anticipated to find new synergies and efficiencies for Loqus and Simno, while delivering a better service to their common client.

RS2 Software plc shares slipped by €0.11 or 5.3 per cent, closing at €1.95. The equity witnessed 50 deals of 138,249 shares.

Harvest

Technology

plc

shares increased by 2.1 per cent, across three transactions of 4,525 shares, to close €0.03 higher at €1.49.

The retail and supermarkets owner PG plc, recorded a 5.4 per cent advance, over 18 trades of 37,448 shares, closing at €1.95.

In the corporate bond market, 58 issues were active, of which 36 appreciated and 14 fell. Turnover amounted to €6.5 million. The 5.1% 6PM Holdings plc Unsecured € 2025 registered the best performance, having advanced by 5.7 per cent, to close at €99.86. Meanwhile, the 4.85% Melite Finance plc Unsecured 2028 headed the list of fallers, having declined by 8.4 per cent, closing at €98.

In the sovereign debt market, turnover totalled €11 million, spread across 24 issues, of which seven advanced and 10 declined. The 7% MGS 2023 (II) R was the most liquid issue, having witnessed a turnover of €3.2 million, to close the month at €133.55.