Index down as FIMBank plc declines
The MSE Equity Total Return Index (MSE) closed the week 1% in the red, to finish at 7,842.173 points. Trading activity was spread over 22 equities, as six headed north, while seven headed in the opposite direction. Overall, 106 trades were executed during the week, with turnover dropping almost by half to €0.3 million. In the banking industry, all four locally listed banks were active. FIMBank plc was this week’s worst performing equity, as the bank’s shares plummeted by 27.5% to the €0.28 price level. Trading volume tallied to 135,842 shares spread over 13 trades. Bank of Valletta plc (BOV) shares managed to hold on to €0.85 and closed unchanged, as 10 trades on a volume of 65,087 shares and worth €55,416 were recorded. Trading activity in the bank’s equity saw its price fluctuate between a weekly low of €0.85 and a weekly high of €0.865. Since the beginning of the year, the value of BOV shares are 10.5% lower. Yesterday, after close of trading, the bank announced that the board is scheduled to meet on December 9 to consider, and if thought fit, declare an interim dividend. On the other hand, HSBC Bank Malta plc (HSBC) shares trended 2.4% higher to also close at the €0.85...