Malita share price climbs to over 11-month high

The MSE Equity Price Index rebounded by 0.13% from its three-week low of 4,462.766 points to 4,468.415 points as the gains registered in the share prices of HSBC, RS2 and Malita outweighed the declines in four other equities. Trading activity improved to "0.28 million but most of today's volumes took place only in BOV ("0.22 million). Week-on-week, the local equity index retreated by 0.18%.
Malita Investments plc trended 1.8% higher to an over eleven-month high of "0.84 on four deals totalling 25,000 shares.
HSBC Bank Malta plc surged by 2.3% to regain the "1.79 level and RS2 Software plc added 0.7% to "1.46. Trading activity in both equities was shallow. HSBC is due to publish its 2017 financial results on February 20. The directors will also consider the declaration of a dividend to be recommended to shareholders during the Annual General Meeting to be held on April 12.
In contrast, Bank of Valletta plc maintained the "1.80 level across 124,091 shares.
Medserv plc also closed the day flat at the "1.16 level on two deals totalling 6,000 shares.
Meanwhile, a single deal of just 4,855 shares forced the equity of PG plc to below the "1.40 level for the first time since late August...

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