The week's main focus was on Go which reported its full year results following Wednesday's trading session, with a pre-tax profits of €27.6 million, down 1.4 per cent over the previous year. The equity gained 5c or 1.6 per cent to €3.13.
HSBC Bank Malta shed 4.4 per cent to €4.40, with the equity declining strongly on soft demand in the session after the equity commenced trading without the right to receive a gross final dividend of €0.14,8.
FIMBank and Lombard Bank Malta maintained their current levels at $2 and €13 respectively, with the latter confirming that Marfin Popular Bank Public Company Ltd had obtained the necessary regulatory approval to acquire a 43 per cent stake in Lombard Bank Malta. Bank of Valletta shed 0.3 per cent to close yesterday's session at €5.83,4.
MaltaPost was the week's top gainer it reached a new high of €0.70. The equity was this week's most liquid and actively traded equity with the price gaining a handsome 6.1 per cent in the process.
Datatrak Holdings closed 5.2 per cent higher as two investors swapped a mere 2,424 shares among each other at the €0.305 level.
Soft gains were registered by International Hotel Investments and Malta International Airport which closed at €1.001 and €3.22 respectively. On the contrary, Crimsonwing, Middlesea Insurance and Plaza Centres drifted lower, correspondingly closing at the €0.585, €3.60 and €1.699 level.
International market report - weekly round-up
The MSE Index lost 0.4 per cent to close at 4,650 points during yesterday's trading session at the Malta Stock Exchange. This was mainly due to last minute drops in the largest banking component. Activity was mild throughout the trading, with 43 deals being stuck in the local equity market. Trading activity in Maltapost started at the previous closing price of €0.69, but later went up to close 1c or 1.5 per cent higher. A grand total of 44,001 shares were swapped across 15 transactions.
Another gainer for the day was Go, with its annual results issued earlier this week, having a slight positive effect on its price, which increased by one cent or 0.3 per cent on a single trade of 1,200 shares struck towards the beginning of the session, thereby altering the price to read €3.13.
All FIMBank deals for the day were traded at the opening bell with a large volume of 150,000 shares being exchanged over seven deals, with the price registering the lightest of gains, to the $2 level.
HSBC Bank Malta started off with an increase of 1c, over yesterday's close, only to close lower towards the end of trading, with a total of 1,000 shares being transacted. The price ended lower by 5c or 1.1 per cent to close the week at €4.40.
On the other hand, Bank of Valletta suffered a minimal loss of 0c1 to close at €5.83c4, with the volume traded for the day being 4,766 shares dealt across seven deals. As at close of trading, the best bid for 500 shares stood at €5.81, whilst the best offer of 1,000 was at €5.83.
Meanwhile, trades in Malta International Airport and International Hotel Investments failed to move their previous market prices of €3.22 and €1.001 respectively.
This article has been prepared by Bank of Valletta p.l.c. (the Bank), which is licensed to conduct investment services business by the MFSA, for your general information only. This information is not a solicitation or offer by the Bank to acquire or sell securities. Nor does it constitute any form of advice by the Bank. Appropriate advice should be obtained before making any such decision. Past performance is not necessarily a guide to future performance and the value of your investments may fall or rise.