Following last week’s minimal loss, the Malta Stock Exchange index managed to snap back the 0.1 per cent decline, as it registered a gain of 0.2 per cent to close the week at 3,248.32 points.
The index experienced a relatively negative week as selling pressure was applied in three sessions which, however, were overlapped by the gain of 0.8 per cent which was registered across Monday and yesterday’s sessions. In fact, that gain proved determinant in closing the week on a positive tone.
Banks emerged as a key source of support with both Bank of Valletta plc and HSBC Bank Malta plc registering modest gains, while International Hotels Investments plc turned minimally positive following weeks of declines. Conversely, 6PM Holdings plc headed the list of losers with a remarkable loss.
The week was characterised by 18 active equities, in which gainers prevailed over losers, as five garnered support, four lurched lower, while nine closed flat. Turnover for the week totalled €989,893 traded over a total of 655,426 shares which were executed over 165 transactions.
Meanwhile, in the Government Stocks market, investors took divergent positions as, from the 24 active stocks, 16 experienced a...
↧