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  • During the first session of this week, the MSE Share Index edged 0.1% lower to 3,118.098 points reflecting the 0.4% drop in the share price of BOV. No other equity was active during this morning’s session. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index eased marginally lower today to 985.833 points as Eurozone yields remained below the 1.9% ahead of the outcome of a meeting between German’s Angela Merkel and France’s Nicolas Sarkozy later on this afternoon. During this meeting the two leaders are expected to discuss ways how to lift economic growth and adopt further fiscal consolidation within the monetary union.
  • Last week, the Treasury of Malta published its indicative 2012 calendar for new Malta Government Stock issues. The Treasury confirmed that during 2012, total issuance of Malta Government Stocks will amount to a maximum €700 million. The Treasury intends to spread the issuance programme across 4 issues with a concentration during the first quarter of the year. It was also announced that the first MGS offer is intended to be issued in early February while the second offer is expected for late March 2012. Further details available here.
  • During this morning’s session, BOV shares closed 0.4% lower at €2.57 after recovering from an intra-day low of €2.52. Today was the last day the equity traded with the entitlement to the 1-for-8 bonus issue. Over 48,000 shares changed hands today. BOV’s equity will trade ex-bonus as from tomorrow. Meanwhile, the MFSA last week imposed an administrative penalty of €175,174 on the Bank for regulatory breaches related to disclosure of information and suitability of financial instruments sold to the general public. Further details available here.
  • GO’s shareholders await the outcome of Forthnet’s Extraordinary General Meeting scheduled to be held next Friday 13 January. During the meeting, Forthnet’s shareholders will be asked to approve a number of changes to the company’s share capital as well as a €30 million rights issue. Outstanding offers of GO shares already placed minimally below the last closing price of €0.949 with highest bids at €0.89.
  • MaltaPost is scheduled to hold its Annual General Meeting on Tuesday 17 January during which shareholders will be asked to approve the final net dividend of €0.04 per share and the option to take the dividend in the form of new shares at the attribution price of €0.98 per share amongst other resolutions. Equity also inactive today with few bids outstanding at the last closing price of €1.00 whilst lowest offers pitched at the €1.05 level.
  • Last week Camper & Nicholsons issued a press release confirming that Grand Harbour Marina plc sold a 40 metre super-yacht berth. This is the third berth sale in recent months following the two 30-metre berths sold in March and September 2011. Further details available here. Equity inactive for three months with offers in the market at the last closing price of €1.95 but no bids in sight.

 

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