Thursday, September 29, 2016

Share index halts 5-day positive streak

The share index closed lower for the first time in a week as it retreated by a minimal 0.08 per cent to 4,455.970 points, reflecting the declines in the share prices of Lombard and RS2 which outweighed the gains in Mapfre Middlesea, BOV and Malta Properties. Lombard Bank traded for the first time in a month and lost 4.5 per cent to close at the €2.10 level on insignificant volumes. A single deal of 12,000 shares dragged the share price of RS2 Software 1.2 per cent lower to the €1.63 level. The most actively traded equity today was Tigne' Mall as 105,000 shares (valued at €0.11 million – representing 55 per cent of the total value of equities traded) left the share price of the shopping mall owner unchanged at €1.06,5. HSBC failed to hold on to its intra-day high of €1.63,8 (+1.1 per cent) as it finished the day unchanged at the €1.62 level. A total of 3,599 shares changed hands. In contrast, Bank of Valletta recaptured its near five-month high of €2.26 (+0.2 per cent) on 24,700 shares. Meanwhile, BOV's insurance associate, Mapfre Middlesea plc, climbed 1.4 per cent to the €2.10 level on trivial volumes. Malta Properties Company extended its recent run as it gained a further 0.2...

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