Daily Market Highlights (01.12.14)
- During this morning’s trading session, the MSE Share Index edged 0.4% higher to 3,286.441 points as most of the active equities trended higher. Download a copy of the Equity Market Summary.
- On the bond market, the Rizzo Farrugia MGS Index edged marginally higher today to reach yet another all-time high of 1,096.499 points as Eurozone benchmark yields remained below the 0.7% level.
- Amongst the large cap equities, the share price of BOV moved 0.9% higher to recapture the €2.25 level across eight deals totalling 14,753 shares.
- Similarly, HSBC added 0.3% to the €1.91 level on lower volumes of 5,830 shares.
- Crimsonwing also closed in positive territory as 500 shares changed hands at the €0.85 level representing a 10.5% increase over the previous closing price. This also represents a 2.1% premium to the price of €0.8327 being offered by KPMG Investments Malta Limited who launched a voluntary offer last Friday to acquire the entire issued share capital of Crimsonwing plc. Shareholders as at close of trading on 28 November 2014 will be receiving an Acceptance Form and a copy of the Offer Document. Acceptances are to be lodged at Rizzo Farrugia & Co (Stockbrokers) Ltd who has been mandated by the Offeror to act as the Manager, Registrar, Collecting and Paying Agent. The acceptance period is between 9 December 2014 and 20 January 2015 (both days included), or as may be extended by the Offeror as provided in the offer document.
- The only other positive performing equity was MaltaPost as the equity advanced by 1.7% to a fresh all-time high of €1.22 on a single trade of 2,087 shares. The postal operator is scheduled to publish its preliminary full-year results on Tuesday 9 December.
- Meanwhile, the equity of Malita Investments held on to its all-time high of €0.61 across a single trade of 14,200 shares.