The share price of HSBC Bank Malta plc rose for the third consecutive session this week as investors took positions in this equity ahead of the full-year results publication which generally takes place in late February. HSBC shares climbed a further 2% higher today to regain the €3.10 level on volumes of over 21,000 shares. This is the highest level for the equity since 12 April 2010. Lowest shares on offer are now placed at the €3.15 level.
Meanwhile Bank of Valletta plc remained well supported at the €3.77 level as a further 15,200 shares changed hands during this morning’s session. The Bank is scheduled to hold its Annual General Meeting this afternoon. During the meeting shareholders will be asked to approve a final gross dividend of €0.16 per share (which, if approved by shareholders, will be paid tomorrow) and a 1 for 5 bonus share issue which will be effective next January.
FIMBank plc also closed the day in positive territory as its share price edged 1.1% higher to the US$0.95 level on high volumes of 55,000 shares. Meanwhile Middlesea Insurance plc shed some of its recent gains as the equity dropped 4.3% to the €1.00 level on low volumes of 3,717 shares.
MaltaPost plc yesterday announced that its Board of Directors will be meeting on 5 January to consider and approve the Company’s full-year results as at 30 September 2010. MaltaPost’s equity has been inactive since 6 December when 3,900 shares traded at the €0.93 level. Substantial bids remaining outstanding at the €0.95 level with few shares on offer at €1.00 as investors await the results announcement and the dividend declaration.