Share index rebounds on low volumes

The share index rebounded by 0.36 per cent to 4,472.261 points following the declines of the past two days, largely due to the recovery in the share price of IHI on miniscule volumes. Overall trading activity remained low with only €135,600 worth of shares changing hands. Over the week, the local equity benchmark eased by 1.18 per cent as only two equities registered gains whilst another nine suffered declines. A single deal of just 200 shares pushed the equity of International Hotel Investments five per cent higher to the 73c5 level. Bank of Valletta added to yesterday's gains as it edged up by 0.5 per cent to the €2.23 level across 17,212 shares. Also among the large caps, HSBC (30,525 shares) and Malta International Airport (959 shares) retreated by 1.1 per cent and 0.5 per cent to the €1.73,1 and €4.33 levels respectively. Both companies are expected to publish their respective 2015 full year results during the fourth week of February. The equity of Malta Properties Company failed to hold on to an intra-day high of 57c and closed 1.8 per cent lower at the 54c level across 48,280 shares. The other negative performer was Medserv as a single deal totalling 1,500 shares pulled...

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