Share index slightly up on weak activity

The share index extended last Friday's gain by a further 0.09 per cent to 4,476.276 points as the positive performance of Malta Properties, GO and BOV outweighed the decline in HSBC. Three equities traded unchanged. Trading volumes remained weak as only €189,000 worth of shares changed hands. Malta Properties Company was the best performing equity today with a rise of 1.9 per cent to the 55c level on low volumes totalling 6,834 shares. Bank of Valletta continued to trade within a tight range as it gained 0.2 per cent to the €2.23,5 level across 19,614 shares. GO continued to recover and closed at a 12-week high of €3.20 (+0.3 per cent) across 6,166 shares. 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, HSBC retreated by 0.1 per cent to the €1.73 level on higher volumes totalling 38,405 shares. The bank will publish its 2015 full year results on February 22. Meanwhile, three other equities closed flat. Four deals totalling 52,500 shares were traded in the equity of Plaza Centres at the €1 level. Likewise, Medserv and...

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