MSE Share Index retreats to a near 5-month low

The MSE Share Index posted its third consecutive daily negative performance today as it eased by a further 0.22 per cent to 4,433.079 points – the lowest level since mid-January 2016. Trading activity was spread across eight shares, with two closing in the red (BOV & RS2), another two shares registering gains (Malita & MIA) whilst four equities traded unchanged. Trading activity declined notably as just under €0.19 million worth of shares changed hands today. Week-on-week, the local equity index registered a decline of 0.89 per cent.Despite recovering from an intra-day low of €3.40 (-2.6 per cent ), the equity of RS2 Software plc still closed the day in negative territory at the €3.465 level – representing a retreat of 0.7 per cent from yesterday's closing price. A total of 18,577 shares changed hands today. RS2 is due to hold its AGM on 23 June during which, and amongst other resolutions, shareholders will be asked to consider and approve a 5 for 3 share split (cut-off date: 30 June).Bank of Valletta plc dropped by 0.8 per cent back to the €2.22 level across 9,224 shares.In contrast, four deals totalling 10,606 shares left the equity of HSBC Bank Malta plc unchanged at the...

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