Share index suffers largest daily drop in 7 weeks
The share index suffered its largest daily drop in seven weeks today as it retreated by 0.8 per cent to 4,532.434 points.
In particular, the equity of Mapfre Middlesea plunged by 16.3 per cent to a one-year low of €2.01 on trivial volumes totalling just 1,000 shares.
GO and Malta International Airport also registered losses on shallow volumes today.
GO dropped one per cent lower to the €2.85 level while MIA retreated by 0.2 per cent to the €4.24 level across 1,216 shares.
Eligible GO shareholders have until July 22 to submit their relative acceptance form in connection with TT ML Limited’s offer to acquire GO shares at the price of €2.87 per share.
Also among the large companies, RS2 Software lost 0.5 per cent to the €2.14 level on volumes totalling 44,924 shares.
A single deal of 15,000 shares transacted at the 88c level dragged the equity of Malita Investments 1.1 per cent lower.
Within the same segment, Malta Properties Company maintained the 50c7 on negligible volumes.
FIMBank maintained its seven-year high of $1 on 20,000 shares.
In contrast, HSBC and Bank of Valletta both posted gains today. HSBC recaptured the €1.60 level (+1.3 per cent) on 1,240 shares while BOV closed...