IHI drags the MSE Share Index lower
The MSE Share Index slipped by 0.94% to 4,550.992 points today largely on the slump in the equity of IHI. Following today’s decline, the Index ended the week marginally down by 0.01%.
Relatively volatile trading continued to take place in the equity of International Hotel Investments plc. Indeed, following the 6.0% decline of Wednesday and the 5.8% gain seen yesterday, the equity sunk by 8.5% today to a one-year low of €0.65 across seven deals totalling 26,841 shares.
Also among the large companies, HSBC Bank Malta plc briefly touched an intra-day low of €1.60 before closing at the €1.62 level, representing a decline of 0.6%. A total of 20,878 shares traded.
Mapfre Middlesea plc, Simonds Farsons Cisk plc and Malita Investments plc all suffered declines on shallow volumes. The insurance specialist retreated by 1.9% to the €2.50 level. Shareholders as at close of trading on Wednesday 27 April will be eligible to receive a final net dividend of €0.03826 per share, payable on 22 May 2016 subject to shareholder approval at the upcoming Annual General Meeting scheduled to be held on Friday 22 April.
Simonds Farsons Cisk plc and Malita Investments plc closed at €6.00 (-1.7%) and €0.968...