During this morning's trading session on the Stock Exchange, the share price of GO plc moved a step closer towards regaining its 2012 high and reversing the 23.5% drop registered during the first four months of 2012.
In fact, the equity edged 3.3% higher today to close at the 95c level – just 3c below its 2012 high.
Moreover, GO's equity has gained 35.7% from its all-time low of 70c reached on May 14 following a turnaround in investor sentiment possibly on the back of the group's plans, revealed during the 2012 annual general meeting, to extract value from its investment property portfolio valued at over €50 million.
In the banking sector, Bank of Valletta plc eased 1% lower to close at the €2.07 level across eight trades totalling 7,222 shares.
Yesterday, the bank announced that the MFSA concluded its third and last investigation with respect to the La Valette Property Fund.
The MFSA will now be reviewing the investors' individual files to assess whether the investors were eligible to invest in this fund.
Those investors that were not eligible will be entitled to a compensation of €1 per share less any compensation already paid.
Meanwhile, HSBC Bank Malta plc edged 0.8% higher to...
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