MSE Share Index climbs to a near 5-week high

The MSE Share Index erased yesterday's marginal decline as it rebounded by 0.24 per cent to a near five-week high of 4,466.623 points. Trading activity was spread across ten equities with four of them registering gains, five stayed unchanged and only Malta Properties closed lower. The performance of the Index during the past five trading sessions was the best in the last five weeks as it registered a weekly upturn of 0.93 per cent. Furthermore, following the monthly declines in July (-2.0 per cent) and August (-0.68 per cent), the Index gained 0.6 per cent in September. Year-to-date, the Index is up by 0.8 per cent. The most actively traded equity today was Bank of Valletta plc as 74,809 shares (valued at nearly €0.17 million – representing 62.5 per cent of the total value of equities traded) left the share price unchanged at its near five-month high of €2.26. On Monday, BOV announced that its forthcoming Annual General Meeting will be held on Friday 16 December 2016. Today marks the financial year-end for BOV. The Bank usually publishes its financial statements by the end of October. Also among the large companies, International Hotel Investments plc maintained the €0.635 level...

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