Friday, December 30, 2016

MSE Share Index ends the year at a multi-year high

During the last trading session for 2016, the Malta Stock Exchange Share Index gained 0.12% to close at a fresh near nine-year high of 4,630.879 points. Following the 33% rally last year, during the past 12 months, the local equity index gained a further 4.5%. The best performing equity today was RS2 Software plc which manage to rebound from an intra-day low of €1.74 (-3.3%) to end 1.1% higher at the €1.82 level across 28,300 shares. Also among the large companies, a single deal of just 2,000 shares pushed the equity of GO plc to the €3.27 level (+0.3%). Bank of Valletta plc inched minimally higher to €2.251 across 23,565 shares. The equity will continue trading with the entitlement to the 1 for 13 bonus issue until 12 January 2017. Within the same sector, Lombard Bank Malta plc finished the day up by 0.4% at the €2.30 level after touching an intra-day low of €2.20 (-3.9%). A total of 30,119 shares changed hands. Lombard today announced that its 2016 financial statements will be published on March 9, 2017. In contrast, HSBC Bank Malta plc maintained the €1.90 level across four deals totalling 10,000 shares. Similarly, Malta International Airport plc held on to the €4.05 level on...

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