Trading in Farsons takes centre-stage

The MSE Equity Price Index extended yesterday’s uplift as it climbed by a further 0.16% to 3,673.513 points. The gains in BOV, GO and Harvest offset the decline in BMIT whilst IHI and Farsons closed the day unchanged. Trading activity in equities amounted to €0.14 million, most of which took place in Farsons. 

Simonds Farsons Cisk plc stayed at the €8.20 level on two deals totalling 14,000 shares having a market value of €0.11 million. 

A single deal of 2,033 shares left the share price of International Hotel Investments plc at the €0.57 level. 

GO plc added 0.6% albeit on trivial volumes. Yesterday, GO plc announced that it concluded the acquisition of a 76% equity stake in Sens Innovation Group Ltd (“SENS”) for a consideration of €1 million, with the possibility of a further €1.85 million earnout depending on the performance of SENS over a three-year period. SENS is an energy management company that leverages proprietary Internet-of-Things (“IOT”) based technology to reduce energy consumption and associated costs for commercial buildings. GO noted that this strategic acquisition will further strengthen the company’s investment in IoT as part of its drive of digital Malta.