IHI shares lift MSE Index

The MSE Equity Total Return Index closed the week higher by 0.6% at 7,348.194 points. Out of 11 active equities, gainers and losers tallied to four-a-piece. During this four-day trading week, total weekly turnover declined by €0.6 million, to €0.2 million, as 75 transactions were executed. The best performance was recorded by International Hotel Investments plc (IHI) despite its low turnover, as the price spiked by 18.4%. Three deals involving 4,858 shares pushed the price back to €0.535. The equity was active only during Tuesday’s session. The share price of IHI is down by 35.5% since the beginning of the year. In the banking sector, the two largest banks closed in the red. HSBC Bank Malta plc headed the list of fallers, with a 5% decline, as it closed €0.04 lower at €0.76. This was the result of 34,116 shares spread across 14 transactions. Similarly, Bank of Valletta plc ended the week at €0.88 – equivalent to a 1.8% decline. During the week the banking equity also traded at a weekly low of €0.852. Nineteen deals involving 35,410 shares were recorded. On Wednesday, Simonds Farsons Cisk plc approved the Group’s unaudited interim financial statements and Directors’ Report for...