BOV, HSBC drag share index lower

The share index eased by 0.16% to 4,715.747 points today, mainly reflecting the declines in the share prices of BOV (-0.5%) and HSBC (-1%). Most of today's trading activity took place in the equity of Bank of Valletta which slipped by 0.5% to the €2.16 level across 88,263 shares – representing over 70% of the total value of equities traded today. Also in the retail-banking sector, HSBC dropped 1% to the €2 level on light volumes totalling 4,000 shares. The bank is scheduled to publish its full-year results on February 21. Mapfre Middlesea retreated by 0.2% to the €2.22 level across 2,416 shares. The share price of Malita Investments eased by 0.1% to a fresh near two-year low of 84c9 albeit on a single deal of just 3,000 shares. In contrast, Malta Properties Company rebounded by 0.2% from its four-month low of 53c to the 53c1 level after touching an intra-day high of 54c (+1.9%). A total of 3,900 shares traded. Medserv plc jumped 3.1% to the €1.64,9 level albeit on trivial volumes. Simonds Farsons Cisk plc recaptured its all-time high of €7.30 (+0.3%) across 1,300 shares whilst seven deals totalling 6,212 shares lifted the equity of Malta International Airport 0.5% higher to the...

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