MPC share price slumps 7.3%

The share index advanced by 0.13 per cent to 4,483.564 points as the gains in share prices of BOV and GO outweighed the plunge in MPC. Trading activity was restricted to merely five shares, reflecting in reduced volumes worth just €152,500. Bank of Valletta recovered all the losses of the past two trading sessions as it recaptured the €2.24 (+0.9 per cent) across 16,319 shares. This morning, BOV issued an announcement in relation to certain recent media reports whereby it reiterated its commitment towards having the appropriate anti-money laundering processes in place. GO managed to rebound from an intra-day low of €2.77 (-4 per cent) to close 0.5 per cent higher at the €2.90 level across shallow volumes totalling 1,800 shares. On Monday, GO stated that La Société Nationale des Télécommunications ("Tunisie Telecom") were chosen as the final preferred bidder for acquiring the entire company. Tunisie Telecom will be submitting a voluntary bid for the entire issued share capital of GO at a price of €2.87 per share. GO shareholders will now receive an offer document from Tunisie Telecom containing all the details of the voluntary bid in the coming weeks. Consequently, GO also...

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