Index declines by 1.47% in 2017
In a three-day week, the MSE Equity Total Return Index ended 2017 on a positive note having advanced by 1.34 per cent. Despite this performance, however, the index’s yearly performance remained negative, closing 1.47 per cent lower at 8,669.132 points.
A total of 14 equities were active during the week of which nine advanced, while three closed in the red. Total turnover during the week amounted to €1.097 million.
In the banking sector, Bank of Valletta plc (BOV) shares continued where they left off last week depreciating by 2.7 per cent to close the week at €1.80 – with the equity registering a negative performance of 13.9 per cent during the year. A total of 86 transactions managed to generate a total turnover of €484,565.
BOV’s 105,000,000 new ordinary shares, resulting from the Rights Issue, commenced trading on Wednesday, after being admitted to the Official List of the Malta Stock Exchange on December 22.
HSBC Bank Malta plc and Lombard Bank plc shares traded in positive territory. HSBC shares curbed some of its year-on-year decline as the equity appreciated 1.4 per cent to close at €1.784 – registering a yearly decline of 6.1 per cent.
Lombard shares bounced back into...