Daily Market Highlights (05.11.2010)

  • The MSE Share Index dips for the third session this week as the two index heavy-weights BOV and HSBC close lower. The local bourse eases by 0.37% this morning to close the week at 3,471.142 points. Meanwhile MIA and GO both close in positive territory whilst LQS remains unchanged. Download a copy of today’s Equity Market Summary.
  • Yesterday MIDI plc announced that it has been granted approval by the Listing Authority of the MFSA to issue 44,444,444 shares at a price of €0.45 per share with an over-allotment option of up to a further 22,222,222 shares. Further details available here.
  • BOV loses some of its recent gains as the share price declines by 1.6% to close the week at €3.60 on activity totalling 22,159 shares. Notwithstanding today’s 1.6% drop, the equity climbed 9.3% this week. Investors as at close of trading today are eligible to the final gross dividend of €0.16 per share. Details of September 2010 financial results available here.
  • HSBC closes in negative territory for the third successive session as the equity slips 0.03% to close the week at €2.899. Despite the declines registered in the past three trading sessions, HSBC’s equity posted a weekly gain of 3.5%. Further offers remain unsatisfied at the €2.89 level whilst best bids now placed at €2.89.
  • GO’s equity traded at the very last minutes of today’s session rising by 0.5% to €1.88 over 6,040 shares. The telecoms company issued its Interim Directors’ Statement on Monday explaining that due to the continued rise in revenue coupled with cost savings measures, the Group achieved a positive performance during the third quarter of 2010. Further details available here.
  • MIA’s equity trades for the first time this week and edges 0.6% higher to €1.649 following yesterday’s publication of its strong October traffic statistics. These results revealed another month of double-digit growth in passenger numbers. During the month of October passenger movements increased by 18.4%. Between January and October 2010, MIA registered a 13% increase in passenger movements. Further details available here.
  • Yesterday afternoon the Treasury announced the prices of the two new Malta Government Stock issues. The 3.75% MGS 2015 has been priced at 103.50% (YTM: 3.00% per annum) while the 5.25% MGS 2030 has been priced at 101.50% (YTM: 5.13% per annum). Subscription period takes place between Monday 8 November and Wednesday 10 November. Further details available here.
  • On the Alternative Companies List, Loqus Holdings (formerly Datarak) traded for the third time this week at an unchanged price of €0.18. The Group is expected to shortly publish its financial statements for the financial year ended 30 June 2010.

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