The MSE Share Index opened the week virtually unchanged at 4,534.850 points as the gains registered in the equities of FIMBank, MIA and IHI were offset by the declines in BOV and GO. Meanwhile, six other shares closed flat. Volumes across the equity market remained lower than seen in the first three months of the year but today’s value of €248,000 is the highest in the past three days.
Three deals totalling 25,000 shares pushed the equity of FIMBank plc to the USD0.76 level (+1.3 per cent) – its highest since early February 2014. FIMBank is due to hold its Annual General Meeting on 10 May.
International Hotel Investments plc gained 0.2 per cent to close at the €0.631 level on volumes of 30,000 shares. Last Friday, IHI published its 2015 financial results showing a marginal pre-tax loss of €0.35 million compared to a pre-tax loss of €29.8 million in 2014.
Looking ahead, the Directors noted that they are following developments regarding the frail and uncertain political situation in Libya with cautious optimism. In the meantime, IHI is awaiting the necessary planning approvals and is seeking funding for the St. George’s Bay redevelopment project. Furthermore, the Group is pursuing...
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