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HSBC shares surge by 8%

The MSE Equity Total Return Index managed to recover some lost ground during this four-day trading week, as it closed 1.7% higher at 8,183.486 points. A total of 20 equities were active, nine of which registered gains while another seven closed in the red. Total weekly turnover declined by almost half compared to last week, as €0.9 million was traded across 168 transactions. HSBC Bank Malta plc was up by 8%, as it closed at €0.95 – translating into a €0.07 increase. A total of 21 deals involving 95,030 shares were executed, generating a total weekly turnover of €88,615. On a year-to-date basis, the equity is up by 5.6%. This week’s top performance was recorded by FIMBank plc, as the share price of the banking equity registered a double-digit gain of 22.2%. Four deals involving 7,000 shares pushed the price to $0.44. Bank of Valletta plc started off the week on a positive note, as it closed the opening trading session at this week’s highest price of €0.944. However, the equity did not manage to sustain the gain, as it finished the week flat at €0.93. A total of 116,735 shares were spread over 25 transactions, worth €108,421. Lombard Bank plc enjoyed a positive week, as it was up...

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