During the month of November the MSE Share Index slipped 2.1 per cent to 3,197.387 in contrast to the gains registered in the previous two months.
The dip in November was due to the declines registered in the three largest equities by market capitalisation.
HSBC Bank Malta plc eased a marginal 0.4 per cent to €2.75 whilst Bank of Valletta plc registered a drop of almost three per cent back to the €2.41,5 level largely due to the fact that the equity turned ex-dividend.
This week BOV mailed out the 2012 annual report to all shareholders together with all the relevant documentation ahead of the annual general meeting scheduled to be held on December 19.
During the AGM, shareholders will be asked to approve the final gross dividend of 13c per share and a one for nine bonus share issue amongst other resolutions. Shareholders will also have the opportunity to elect six directors out of the nine nominees.
The shares of International Hotel Investments plc also declined during the month of November with a 7.4 per cent plunge back to the 88c level in spite of a positive interim directors’ statement published at the beginning of the month under review.
IHI’s directors noted that the...
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