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MSE Share Index maintains 7-week high

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During the penultimate trading session of 2012, the MSE Share Index maintained its seven-week high of 3,211.984 points as no price movements were registered in the 10 active equities. The highest volumes were registered in the equities of Malta International Airport plc and HSBC Bank Malta plc. The airport operator’s share price maintained its 2012 high of €1.80 level on activity of just over 28,000 shares. Recently, Ryanair revealed three new routes as from April 2013 to Gothenburg, Liverpool and Bergamo (raising its total number of routes to and from Malta to 30) whilst AirBaltic (a new customer for MIA) will start operating a new route to Riga in the summer of 2013. Meanwhile, HSBC held on to €2.70 as a further 18,657 shares changed hands. Last week HSBC announced that its 2012 full-year financial statements will be published on March 4. Bank of Valletta plc held on to last week’s gains but volumes declined to 7,800 shares which changed hands at €2.419. The cut-off date for the one for nine bonus issue is January 14. Lower activity took place in other equities. Most notably, GO plc held on to its recent gains as 5,078 shares traded at €1.18 with Simonds Farsons Cisk plc...

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