The share price of International Hotel Investments plc jumped 4% during this morning’s trading session on the Borza to regain the €0.78 level across two trades totalling more than 100,000 shares.
Yesterday, IHI announced that it completed the acquisition of Marina San Gorg Limited which fully owns the 200-room Marina Hotel in St. George’s Bay, St. Julian’s. However, the announcement failed to reveal the total consideration paid for Marina San Gorg Limited which was previously owned by IHI’s majority shareholder, Corinthia Palace Hotel Company Limited.
The upturn in IHI’s equity offset the declines in most of the other active equities to lift the MSE Share Index marginally higher to 2,994.711 points.
Bank of Valletta plc’s equity slid a further 1.4% lower to €2.18 on volumes of 16,454 shares whilst HSBC Bank Malta plc, active for the first time in the last three sessions, traded unchanged at the €2.55 level across 4,235 shares. Also in the financial sector, Lombard Bank Malta plc eased 0.4% lower to a new 16-month low of €2.52 on a single deal of 9,700 shares.
GO plc also registered a...
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