Daily Market Highlights (03.12.09)

  • Large caps close today’s session unchanged. MSE Share Index increases marginally to 3,347.839 points as Middlesea’s equity gains 4.9% while Lombard Bank eases 0.7%. Various corporate bonds and MGS active today as investors continue to focus on the bond market. Download a copy of today’s Equity Market Summary.
  • Following the 6.2% rise in the previous three sessions, HSBC closes unchanged at the €3.25 level after opening today’s session at a new 2009 high of €3.27. Over 19,100 shares exchanged today with further offers unsatisfied at the closing price and highest bids at €3.215.
  • Further selling pressure in BOV forces the equity to drop to a low of €3.649 before recovering during the final minutes of the session to close the day unchanged at €3.70. Eighteen trades effected this morning for a total volume of 14,505 shares. Further offers placed in the market at €3.70 with highest bids at the €3.60 level. On Monday BOV published the agenda for the forthcoming Annual General Meeting scheduled for 16 December. Amongst the resolutions, shareholders will be asked to approve the final gross dividend of €0.215 per share and a 1 for 4 bonus issue.
  • Middlesea regains the €0.64 level after touching a fresh all-time low of €0.60. Over 48,600 shares trade today with offers already placed marginally below the closing price. Rights Issue subscription period closes on 14 December. Further details available here.
  • GO maintains the €1.97 level after recovering from an intra-day low of €1.95. Trading activity declines to 9,860 shares today. Earlier this week GO announced that it has secured exclusive local broadcasting rights for England’s Premier League for the three football seasons 2010/11, 2011/12 and 2012/13.
  • Meanwhile Lombard edges 0.7% lower to €2.78 on a single trade of 800 shares while FIMBank unchanged at US$1.11 also on a single trade of 1,546 shares.
  • The Mizzi Organisation Finance €30 million bond issue is shortly expected to commence trading following last Monday’s allocation policy. Further details on allotment policy available here.

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