Index loses two per cent in July

The Malta Stock Exchange index recouped yesterday by a minimal 0.1 per cent, to close at 4,470.277 points – thus registering a two per cent drop in July – in sharp contrast to gains registered in global equity indices. Turnover amounted to €594,049 spread across 13 equities of which four gained ground, seven declined and two closed unchanged. During the week, HSBC Bank Malta plc shares appreciated by €0.03 or 1.9 per cent over 28 deals of 92,645 shares, closing at €1.60. Similarly, Bank of Valletta plc shares advanced by 0.5 per cent across 32 trades of 93,284 shares, to close at €2.22. Meanwhile, FIMBank plc shares partially erased the previous week's gains having inched 0.4 per cent lower over the highest volume for the week of 131,000 shares, closing at $1.015. Likewise, the share price of Lombard Bank Malta plc shares eased 0.04 per cent to €2.249 across two trades of 3,300 shares. GlobalCapital plc shares headed the list of fallers having declined by €0.149 or 29.9 per cent over a sole transaction yesterday of a mere 240 shares, closing at €0.35. The equity has recorded a 53.3 per cent decline year-to-date. GO plc shares edged 0.7 per cent lower as seven trades of 18,199...

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