MSE Share Index slips for third consecutive day

The MSE Share Index trended lower for the third consecutive session with a further 0.2% drop to 4,475.627 points largely reflecting the 0.3% decline in the share price of Bank of Valletta plc to the €2.324 level across sixteen trades totalling just over 45,000 shares. The bank is scheduled to hold its Annual General Meeting next Thursday  during which shareholders will be asked to approve a number of resolutions including those related to the dividend and bonus share issue as well as the election of six directors from the seven nominees. Also in the financial sector, the equity of Mapfre Middlesea plc shed 6.1% back to the €2.15 level albeit on a small deal of 170 shares. Shallow volumes were also evident in FIMBank plc with just 450 shares changing hands at the USD0.692 level representing a 0.3% drop from the previous closing price. Medserv plc shares also trended in negative territory with a 0.9% decline back to the €2.10 level also on low volumes of 1,160 shares. On the other hand, the share price of GO plc rebounded by 1.7% to €2.95 across 10,100 shares. Likewise, the equities of HSBC Bank Malta plc and Lombard Bank Malta plc edged marginally higher to €1.785 (2,400 shares)...