HSBC, Maltacom drag index lower
Local investors focused their attention on bonds, mainly long dated sovereign issues, during yesterday's trading session at the Malta Stock Exchange. In the equity market only the three largest companies by market capitalisation were active with prices...
Local investors focused their attention on bonds, mainly long dated sovereign issues, during yesterday's trading session at the Malta Stock Exchange. In the equity market only the three largest companies by market capitalisation were active with prices declining slightly while dragging lower the MSE Index.
Bank of Valletta shares were the first to trade, even though activity only went through the Exchange's electronic system some 35 minutes after the opening bell rung out. All 1,204 shares which changed hands during the session were struck at Lm4.83c, bringing no change to its previous closing price.
HSBC Bank Malta shares were dealt within a very fine trade range and closed at the lower end of it. Hardly 4,000 were transacted across nine trades with sellers having the final say and forcing the price lower by half a penny close at Lm4.80c5.
Maltacom shares left it till deep in the session before commencing to trade. 1,758 shares were sold across four transactions filling bids down to the Lm1.36c level. At the end of the session 2,075 shares remained unsatisfied at Lm1.36c while best offers stood for 689 shares at Lm1.37c.
The MSE Index declined 0.14 per cent to close the day at 3,357 points.