Farsons share price reaches new all-time high

Following the declines of the past two days, the share index rebounded by 0.13 per cent to 4,470.295 points today as the gains in six equities outweighed the declines in another three shares. Trading activity in the local equity market remained subdued as just under €214,000 worth of shares changed hands today. Today's highlight was the 1.6 per cent jump in the share price of Simonds Farsons Cisk to a new record high of €6.50 across 7,454 shares. Recently, the food and beverages company revealed a record pre-tax profit figure of €10.1 million during the financial year ended January. Farsons is due to hold its annual general meeting on June 28. In the banking sector, HSBC (15,019 shares) and FIMBank (31,500 shares) performed positively, with both advancing by 0.6 per cent to €1.61 and 84c5US respectively. The HSBC board of directors will be meeting on August 5 to consider and approve the interim financial statements for the half-year endingJune 30 and consider the declaration of an interim dividend. Medserv recaptured the €1.79 level (+1.7 per cent) across shallow volumes totalling 3,000 shares. Last Thursday, the oil and gas logistics specialist announced that it was awarded a...

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