FIMBank share price reaches new 7-year high

The MSE Share Index extended yesterday’s decline by a further 0.08 per cent to 4,528.825 points as the declines in the share prices of BOV and MaltaPost outweighed the gains registered in FIMBank and Loqus Holdings. The highlight of the day was the 1.9 per cent increase in the share price of FIMBank plc which helped the equity climb to a fresh seven-year high of USD1.019. A total of 94,730 shares changed hands today. Yesterday, the trade finance specialist announced that its Board of Directors will be meeting on 9 August 2016 to consider and approve the interim financial statements for the half-year ended 30 June 2016 and also consider the declaration of an interim dividend. So far, FIMBank has been the best performing equity this year with a year-to-date uplift of 60.6 per cent . The other positive performing equity today was Loqus Holdings plc as a single deal of 7,461 shares pushed the equity 3.1 per cent higher to the €0.135 level. In contrast, both MaltaPost plc and Bank of Valletta plc ended lower today. MaltaPost retreated by 1.6 per cent dropping back to its 2016 low of €1.80 across 4,171 shares. Meanwhile, Bank of Valletta plc lost 0.9 per cent to the €2.201 level...