Go touches new 2010 low

In this morning’s trading session, the share price of GO plc touched a new 2010 low of €1.80 before recovering to close the day 0.5 per cent higher at €1.85.

Elsewhere the declines in the share prices of HSBC Bank Malta plc and International Hotel Investments plc forced the equity market to close lower following the positive performances in the previous two trading sessions.

The MSE Share Index shed 0.5 per cent today to close at 3,363.485 points. Following today’s downturn, the local equity market is 2.8 per cent below its value at the beginning of the year, contrasting the positive performances being registered by international stock markets on the back of strong recoveries during the summer months.

HSBC Bank Malta plc dropped 0.5 per cent to the €2.84 level across ten trades amounting to 11,194 shares while Bank of Valletta plc edged 0.3 per cent higher to regain the €3.24 level on volumes of just over 5,000 shares. Third largest cap International Hotel Investments plc stumbled 2.4 per cent to €0.81 on low volumes of 1,242 shares.

Malta International Airport plc eased minimally lower to €1.52 across 14,780 shares with Medserv plc unchanged at the €4.28 level on just 1,800 shares.

On the alternative companies list, Loqus Holding plc jumped 60 per cent to its 2010 high of €0.32 on a single trade of 875 shares. This equity had last traded on August 10.

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