Daily Market Highlights (05.10.10)

  • MSE Share Index closes 0.1% lower to 3,385.017 points as declines in HSBC and FIMBank outweigh the increases in BOV and Middlesea. No other equity active today. On the bond market, Malta Government Stock prices move higher for the second time this week with the longer dated paper now almost at their record highs. Download a copy of today’s Equity Market Summary.
  • HSBC closes in negative territory for the second consecutive session. Share price slips another 0.7% lower to €2.80 on volumes of 20,950 shares. Further bids remain unsatisfied at the closing price whilst lowest offers now pitched at the €2.86 level.
  • Meanwhile sustained demand for BOV’s shares lifts the equity 0.6% higher for the second successive session to the €3.28 level. Over 18,100 shares change hands today with other offers outstanding at the closing price whilst best bids still pitched at the €3.24 level.
  • FIMBank down 4% during this morning’s session to the US$0.95 level on volumes of 35,000 shares. Best bids in the market at €0.90 whilst almost 46,000 shares on offer at the US$0.99 level. FIMBank recently announced that it has submitted an application to issue a new three year bond issue denominated in both euro and US Dollar. Further details available here.
  • A single trade of 1,658 Middlesea Insurance shares executed today at the €0.95 level, representing a 2.2% increase over the previous close. Few other bids outstanding at the last closing price whilst lowest offers still placed at the €0.99 level.
  • MIA failed to trade today despite yesterday’s announcement revealing an increase in passenger numbers for the fifth consecutive month. The airport operator stated that passenger movements during the month of September increased by 15.4% compared to the same month last year. Further details available here.
  • This morning Baystreet Finance plc announced that it will be writing to all holders of its 8% Bonds inquiring whether such investors would wish to sell their Bonds back to the Company at the price of 102%. This offer is valid for a 1 month period between 15 October 2010 and 15 November 2010. Further details on this offer is available here.

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