The downward trend in the local equity market extended for a third consecutive session today, with the MSE Share Index sliding a further 0.3% to close below the 3,000-point level for the first time since 24 September 2009. Five out of the eight active equities closed this morning's session on the Borza in negative territory with some even touching new multi-year lows.
The share price of HSBC Bank Malta plc retreated by 0.6% back to the €2.55 level on volumes of 4,540 shares. Meanwhile Bank of Valletta plc traded unchanged at the €2.21 level across eight trades totalling 2,541 shares.
Also in the financial sector, Lombard Bank Malta plc slipped 0.8% to a new 14-month low of €2.53 on volumes of just over 20,000 shares. Similarly, Middlesea Insurance plc tumbled 2.6% to a fresh 21-month low of €0.70 across 5,176 shares. A decline of 2% was also registered in the share price of FIMBank plc which slid back to the US$0.75 level on a single deal of 1,800 shares.
The worst performer of the day was Crimsonwing plc with an 18.2% plunge to a new all-time low of €0.18 across ten trades totalling over 61,000 shares. In early February, the IT...
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