APS Bank Sees Second-Highest Trading Surge in 12 Months Amid HSBC Malta Takeover Talks
Share This Article
Hailey Borg
APS Bank shares experience second-highest trading volume in 12 months following news of potential HSBC Malta acquisition.
The announcement that APS Bank is in advanced discussions regarding a potential acquisition of HSBC Bank Malta has triggered significant trading activity in shares of both locally listed companies.
On Wednesday it was revealed that APS Bank is progressing with negotiations with HSBC Holdings plc for the possible takeover of its Maltese operations, branded as HSBC Bank Malta.
This news caused HSBC Malta’s share price to drop by 18%, falling to €1.35 and wiping out over €110 million from its market capitalisation.
Conversely, APS Bank’s share price surged by 11.5%, reaching €0.58.
By Thursday, both stocks saw continued robust trading. HSBC Malta’s share price recovered to €1.48, while APS Bank experienced a slight dip to €0.57.
Thursday marked the second-highest trading volume in APS Bank shares over the past year, with 286,640 shares traded across 71 transactions, amounting to a total value of €173,058.60.
Meanwhile, HSBC Bank Malta saw 21 trades, with 41,546 shares exchanged, valued at €59,199.99.
You Might Also Like
Latest Article
Cristina Casingena: Steering Curmi & Partners into a New Era of Investment and Innovation
Cristina Casingena, the newly appointed CEO of Curmi & Partners, stands as a beacon of transformation in Malta’s financial sector. As the first non-family member to helm the company, Cristina brings a wealth of experience and a fresh perspective to the leading investment firm. In a recent interview, she shared her journey, vision, and the … Continued
|
19 September 2024
Written by Hailey Borg
Alliance Group Surpasses 2024 Performance Targets Ahead of Schedule
|
19 September 2024
Written by Hailey Borg
U.S. Makes Major Move with First Interest Rate Cut in Four Years
|
19 September 2024
Written by Hailey Borg
