Daily Market Highlights (03.01.10)

  • Local equity market kicks off 2011 down 0.3% at 3,769.192 points as declines in HSBC and Middlesea offset the increases in the share prices of BOV and GO. Download a copy of today’s Equity Market Summary.
  • In contrast to last week’s 5% hike, HSBC’s share price dipped 1.7% today at €3.20. 13 trades amounting to over 34,838 shares changed hands with best bids in the market at €3.184 whilst lowest offers pitched at the €3.25 level. The Bank usually publishes its full-year results by the end of February.
  • Meanwhile, the BOV pre-bonus share rally seems sustained. Equity gains a further 0.8% to a new 12-month closing high of €3.888 on volumes of 19,751 shares. Shareholders on the register as at close of trading next Friday 7 January 2011 will be entitled to the 1 for 5 bonus issue which was approved by shareholders during the recent Annual General Meeting.
  • GO’s share price up 0.3% to €1.94 after a late trade lifted the telecoms equity from an intra-day low of €1.85. Six trades amounting to 9,000 shares executed this morning with best bids now in the market at €1.85 whilst lowest offers pitched at the €1.99 level. Last week, Forthnet announced that Forgendo (the joint-venture between GO and EITL) made further share acquisitions thus increasing its total shareholding to 63,650,370 shares representing 40.95% of the Greek telecoms Group. Further details on the latest share purchases available here.
  • Middlesea Insurance plc eased 0.6% today back to the €1.009 level on a single trade of just 200 shares.
  • Shortly after the closure of the first trading session of 2011, Lombard Bank announced that its Board of Directors are scheduled to meet on 10 March 2011 to consider and approve the Group’s financial statements for the year ended 31 December 2010. The Directors will consider the recommendation of a final dividend.

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