Daily Market Highlights (03.09.09)
- The MSE Share Index declines by 1.3% to 3,053.226 points as IHI’s 6.8% plunge to €0.82 offsets the marginal gains registered by BOV, HSBC and FIMBank. Download a copy of the latest Equity Market Summary .
- BOV’s share price regains the €3.00 level on volumes of 8,665 shares. 580 shares remain on offer at the closing price whilst highest outstanding bids remain at €2.85.
- HSBC’s equity closes unchanged at €2.65 as 7,964 shares are exchanged across 9 trades. 2,868 shares remain unsatisfied in the market at the closing price whilst 6,000 bids are pitched at €2.62.
- IHI reverses its recent gains as it drops 6.8% to €0.82. Volumes increase to a total of 20,368 shares. The equity is still trading 12% above its 2009 low level of €0.73 recorded on 24 April. Highest bids are now placed in the market at €0.819.
- Meanwhile, a single transaction of 105 FIMBank shares helps the equity rise minimally for the second consecutive session to close at €1.295.
- On Tuesday Corinthia Finance announced a €20 million bond issue at a coupon of 6.25% per annum. Further details available here.
- Island Hotels Group Holdings plc launched a bond and equity offering as part of its plans to list on the Malta Stock Exchange. The bond offer consists of 10-year paper at a rate of 6.5% per annum while the equity offer amounts to 8,383,300 shares at a price of €1.00 per share. Full details of the offerings available here.
- Eurozone official interest rates have been left unchanged at a record low of 1% by the European Central Bank, which remains cautious about the strength of the 16-country region’s economic upswing.