Daily Market Highlights (14.07.14)

  • A number of equities rebounded during this morning’s trading session to reverse some of their recent declines and help the MSE Share Index move 0.1% higher to 3,304.172 points. This follows increases in the share prices of MIA, Plaza, Malita and GO which together offset the decline in HSBC. Meanwhile, no changes in the share price of the other three active equities. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index edged marginally higher to reach a new all-time high of 1,058.464 points despite the uptick in Eurozone yields to recapture the 1.21% level.
  • Meanwhile, the recent listed 5.3% Mariner Finance plc 2024 bonds traded up to a new high of 104%.
  • Amongst the positive performers, the share price of MIA edged 1.1% higher to recapture the €2.30 level on volumes of just over 10,000 shares.
  • Similarly, in the property sector, the share price of Malita Investments advanced by 1.8% to regain its all-time high of €0.56 across 26,500 shares.
  • Plaza Centres jumped 7.1% to end this morning’s session at the €0.60 level.
  • GO edged minimally higher to the €2.219 level (+0.4%) on activity of 7,000 shares. The market now awaits further developments with respect to the offer by OTE to acquire the NOVA pay-TV platform of Forthnet.
  • On the other hand, the equity of HSBC retreated by 0.4% back to the €2.001 level (minimally above the 2014 low) across 11,918 shares.
  • Meanwhile, no change was registered in the share price of BOV as it held on to the €2.09 level across 30,408 shares.
  • Likewise, the share price of RS2 Software held on to the €2.50 level across 8,236 shares.
  • The equity of Simonds Farsons Cisk also traded unchanged at the €2.95 level across 3,166 shares.