Index up for fifth consecutive week

The Malta Stock Exchange index ended the year with another relatively strong performance. In fact, the index registered a gain for the fifth consecutive week. This week's increment amounted to 0.64 per cent, to close at 4,630.879 points – a level last seen in April 2008. In 2016, the MSE index gained 4.5 per cent, outperforming the broader European equity market, the Euro First 300 Index which was down by a marginal 0.7 per cent. Furthermore, both the sovereign and the corporate bond markets witnessed a positive last week for the year. Trading in the equity market was spread across 16 equities of which seven closed in the black, five declined and four remained unchanged. Total turnover exceeded the €1.1 million mark. In the banking industry, FIMBank plc shares greatly recovered from last week's decline, as four trades of 9,800 shares helped the equity to appreciate by 4.7 per cent, to close at its eight-week high of $0.90, and topping the list of gainers for 2016 at 41.8 per cent. Despite accounting for around 24 per cent of this week's trading, Bank of Valletta plc's share price remained at the same level as a mere increase of 0.04 per cent was registered. The price at the end...

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