HSBC share price drops to 3-month low

The MSE Equity Price Index eased by 0.27% to 3,660.749 points as the declines in the share prices of HSBC, Lombard and Farsons offset the gains in Trident and MaltaPost. Meanwhile, six companies closed the day unchanged as overall trading activity in equities improved to €0.09 million compared to €0.05 million yesterday.     

HSBC Bank Malta plc lost 3.4% to a three-month low of €0.85 across 10,061 shares.

Within the same segment, Lombard Bank Malta plc eased by 0.5% back to the €1.85 level on trivial volumes.

The other negative performing equity today was Simonds Farsons Cisk plc as it trended 1.8% lower to the €8.20 level on 2,017 shares.

In contrast, Trident Estates plc surged by 8% to recapture the €1.48 level albeit on just 2,028 shares.

MaltaPost plc added 0.8% to the €1.19 level across 5,000 shares.

Meanwhile, Bank of Valletta plc (48,490 shares) and GO plc (780 shares) ended the day unchanged at €0.78 and €3.20 respectively.

A single deal of 11,500 shares left the share price of International Hotel Investments plc at the €0.57 level.

Malta Properties Company plc traded flat at the €0.525 level on light volumes. The company is due to publish its 2021 full-year results...