FIMBank drops to 2-month low

The share index retreated by 0.09 per cent to 4,472.468 points as the negative performances of FIMBank and GO marginally outweighed the gains in four equities. Moreover, three other equities traded unchanged. Trading volumes improved as nearly €355,000 worth of shares changed hands. The worst performer today was FIMBank. The equity shed 4.8 per cent to the 60cUS level – the lowest since early December 2015 – on relatively strong volumes totalling 161,325 shares. A single trade of just 560 shares pulled the equity of GO down 0.3 per cent to the €3.19 level. Recently, the quad-play operator announced the increase of its shareholding interests in both Cablenet Communication Systems Ltd and Kinetix IT Solutions Limited to 51 per cent respectively. On the other hand, Malta Properties Company advanced by 3.6 per cent to the 57c level across 12,000 shares. Malta International Airport also registered gains as it closed 0.5 per cent higher at the €4.35 level across 10,915 shares. This morning, MIA confirmed that Flughafen Wien AG (the owner and operator of Vienna Airport) signed a share purchase agreement with SNC-Lavalin (Malta) Limited for the acquisition of the latter's indirect stake...

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