Daily Market Highlights (03.11.10)

  • Following two consecutive sessions of gains, the local equity market moves lower today as investors book profits in BOV. MSE Share Index drops 0.8% to 3,499.317 points as BOV and HSBC trade lower. Meanwhile MSI and Loqus close unchanged. Download a copy of today’s Equity Market Summary.
  • Central Bank of Malta Stockbroker raises its bid prices for Malta Government Stocks for the third time this week as the benchmark 10-year Eurozone yield eases back to the 2.43% level. The highest increase was of 23 basis points in the 5.5% 2023 (I) which now is at 113.10%.
  • BOV fails to hold on to the €3.70 level as new sell orders pushed share price 1.3% lower to the €3.65 level. Twenty trades amounting to 35,536 shares exchanged today with further offers outstanding at the last traded price whilst best bids now pitched at the €3.62 level. The shares will continue to trade with the entitlement to the final gross dividend of €0.16 per share until next Friday. Details of financial results available here.
  • HSBC also in negative territory as support at the €3.00 level wanes. Share price slips 1.7% lower to €2.95 across two trades totalling 4,340 shares. Further offers remain unsatisfied at the closing price whilst best bids now placed at the €2.90 level.
  • Middlesea Insurance unchanged at the €1.00 on a single trade of 3,250 shares. Further bids in the market at the closing price whilst lowest offers now at the €1.02 level.
  • On the Alternative Companies List, another 400 Loqus Holdings (formerly Datatrak) shares transacted at the €0.18 level, unchanged from the previous close. The Group has yet to publish its financial statements for the financial year ended 30 June 2010.
  • Early last week, the Treasury announced two new Malta Government Stock issues. The 2 new stocks are: (i) 3.75% MGS 2015 (VI) (Fungible Issue) and (ii) 5.25% MGS 2030 (I) (Fungible Issue). Prices will be determined tomorrow and the subscription period will take place between 8 and 10 November. Further details available here.

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