HSBC’s rebound supports share index

The share index maintained its positive trend with the fourth consecutive daily gain. The Index edged a further 0.03 per cent higher to 4,462.634 points following an increase in the share price of HSBC - the only positive performing equity today. HSBC edged 1.3 per cent higher to regain the €1.60 level across six deals totalling 42,841 shares. The bank is scheduled to pay the recently declared gross interim dividend of 7c1 per share (net: 4c62) on September 9. On the other hand, GO released some of this week's earlier gains with a 0.6 per cent drop back to the €3.10 level on a single trade of 1,500 shares. Similarly, RS2 Software slid 1.1 per cent lower back to the €1.78 level for the first time since early January. A total of 5,550 shares changed hands today. Medserv also trended in negative territory as it slipped by 0.7 per cent back to the €1.50 level across a total of 14,482 shares. Last Friday, the Medserv Group published its 2016 interim results revealing a substantial drop in pre-tax profits to €0.28 million on the back of a slowdown in Cyprus and a delay in works in Portugal amongst other factors. Grand Harbour Marina dropped 2.3 per cent to a four-year low of 87c...

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