Share index halts 3-day positive streak

The share index reversed some of the gains seen in the last three trading sessions as it declined by 0.36 per cent to 4,562.768 points on improved trading volumes worth nearly €413,000.

Six equities registered declines, another six traded unchanged while only two shares – RS2 and BOV – closed in positive territory.

In particular, the six per cent decline in the equity of International Hotel Investments impacted heavily on the index. IHI closed at the 67c1 level after hitting an intra-day low of 66c. A total of 21,059 shares traded today.

MaltaPost plc eased one per cent from yesterday’s all-time high of €2 to close at the €1.98 level across relatively healthy volumes totalling 60,000 shares.

Simonds Farsons Cisk dropped 3.2 per cent to €6.10,1 on a single deal of 1,000 shares and GlobalCapital shed 2.2 per cent to 45c also on a single trade of 4,580 shares. Shareholders of GlobalCapital have until March 30 to submit their application ito participate in the recently announced rights issue of 1.27 new shares for every one share held.

In the property segment, Malta Properties Company and Malita Investments also registered declines. Malta Properties retreated by 3.4 per cent from...