The MSE Equity Total Return Index managed to finish the week 0.8% higher at 7,792.985 points, despite a decline in the share price of Bank of Valletta plc (BOV).
A total of 12 equities were active, seven of which registered gains while one lost ground.
During this three-day trading week, total turnover was 36% higher than the previous week’s figure, as it stood at €0.64 million.
BOV’s board approved the audited financial statements for the financial year ended December 31, 2020. It resolved that these audited financial statements be submitted for the approval of the shareholders at the forthcoming AGM on May 20.
The bank reported profit before tax of €15.2 million, versus the previous year’s figure of €89.2 million. However, when adjusted for several specific items, it would increase to €100.7 million – a reduction of €37.4 million or 27% when compared to the previous year.