Share index at a 10-week low

The share index retreated by 0.23 per cent to 4,473.091 points – the lowest level since mid-March 2016 – reflecting the declines in the share prices of four equities. The rest of the equities that were active today closed unchanged. Volumes remained low as just under €165,000 worth of shares changed hands. Week-on-week, the equity Index shed 1.42 per cent – the largest weekly drop since mid-March 2016 – largely on the significant decline in the share price of GO (-17.1 per cent) and four other large companies (MIA, IHI, HSBC and RS2). In the retail banking sector, both Bank of Valletta and HSBC registered losses. BOV closed minimally lower at the €2.23,9 level across 18,158 shares while HSBC shed 1.1 per cent to the €1.60,2 level across 19,053. HSBC's directors will be meeting on August 5 to consider and approve the interim financial statements for the half-year ending June 30 as well as consider the declaration of an interim dividend. GO failed to hold on to its intra-day high of €2.90 as it declined by 0.5 per cent to the €2.88,5 level across 27,200 shares. On Monday, GO stated that La Société Nationale des Télécommunications ("Tunisie Télécom") were chosen as the final...

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