Various equities trend lower

The share index slipped back into negative territory today with a marginal decline to 4,467.850 points as various equities trended lower.

Given that the index trended in negative territory for most of this week, the local equity benchmark registered a 0.3 per cent weekly drop largely reflecting the declines in IHI, GO and RS2 as well as the 22.2 per cent reversal in the share price of Malta Properties.

Today, the share price of Bank of Valletta eased 1.1 per cent lower back to the €2.29,5 level across 18 deals totalling 41,083 shares. The bank is scheduled to hold its annual general meeting on December 17 during which shareholders will be asked to approve a number of resolutions including those related to the dividend and bonus share issue as well as the election of six directors from the eight nominees.

Also in the banking sector, the equity of FIMBank released some of the recent gains with a 5.1 per cent drop back to the 65cUS level on volumes of 20,000 shares after touching a new high of 70cUS.

The equity of RS2 Software plc retreated for the second consecutive session with a further 0.4 per cent decline back to the €3.08,7 level on very high activity totalling just under...