RS2 share price continues to recover

The MSE Share Index edged higher for the third consecutive day as it advanced by a further 0.03% to a fresh near four-month high of 4,553.989 points. A very large chunk of today's trading activity took place in BOV, HSBC and RS2. RS2 Software plc closed in positive territory for the fifth consecutive trading session. The equity climbed 3.2% to a one-month high of €1.61 across 31,500 shares. HSBC Bank Malta plc recovered from an intra-day low of €1.89 (-0.5%) and finished the day unchanged at €1.90. A total of 46,053 shares changed hands today. Bank of Valletta plc slipped 0.4% to the €2.31 level on volumes totalling 64,771 shares. Yesterday, BOV revealed that Mr Taddeo Scerri has been nominated by the Government of Malta to replace Mr John Cassar White as chairman of the Bank with effect from 16 December 2016, subject to regulatory approval. At the upcoming Annual General Meeting (AGM) to be held on Friday 16 December, shareholders will be asked to elect six directors as well as approve a final gross dividend of €0.0852 per share (net: €0.0554) to be paid to all shareholders as at the close of trading on Monday 14 November. During the AGM, shareholders will also be asked to...

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