Large caps drag MSE Share Index lower
The MSE Share Index dropped by 0.8% from yesterday’s 8-month high at 4,564.844 points following declines in some of the large cap equities, namely BOV, IHI and MIA. GlobalCapital also returned a negative performance today whilst GO, RS2, Plaza and MIDI moved higher. Meanwhile, no changes were recorded in the share prices of HSBC, FIMBank and MaltaPost.
Bank of Valletta plc shed 0.3% to €2.269 across twelve deals totalling 53,489 shares. Last Friday, the Bank paid out the final gross dividend of €0.0852 per share (net: €0.05538) following approval at the Annual General Meeting. The equity will trade with the entitlement to the 1 for 13 bonus issue until 12 January 2017 and will turn ex-bonus as from Monday 16 January 2017.
International Hotel Investments plc also trended in negative territory today with a 6.7% drop back to the €0.613 level across four deals totalling 31,927 shares.
Similarly, Malta International Airport plc eased 0.3% lower back to the €4.05 level across ten deals totalling 21,415 shares. Yesterday, MIA issued a press release to announce that it has welcome its 5 millionth passenger this year, a new record for MIA in terms of passenger movements.
The only other...