Daily Market Highlights (06.12.10)

  • Local equity market in positive territory for the third consecutive session. MSE Share Index up by 0.1% this morning to 3,474.823 points as HSBC, BOV, GO and MIA all close higher to offset the decline in IHI. Meanwhile MaltaPost trades again at the €0.93 level. Download a copy of today’s Equity Market Summary.
  • BOV closes above the €3.70 level for the first time since the full-year results publication on 29 October. Equity up 0.5% to €3.719 across 19 trades amounting to just below 26,700 shares. Further offers outstanding at the close price whilst best bids pitched at the €3.71 level. Investors acquiring BOV shares until 7 January 2011 will be entitled to the 1 for 5 bonus issue. BOV’s Annual General Meeting will take place on Thursday 16 December.
  • HSBC share price up 0.4% to €2.90 on volumes of over 13,200 shares. All unsatisfied offers at the €2.90 level taken up with lowest offers now placed at the €3.00 level.
  • GO also in positive territory today as the share price edged another 0.5% higher to regain the €1.919 level across three trades totalling 6,000 shares. In Athens, the share price of Forthnet has so far advanced by a further 10.5% today to €0.63 building on last Friday’s 23.9% recovery. As a result, Forthnet’s share price has recovered by 80% rise from its recent all-time of €0.35.
  • Meanwhile IHI slipped another 0.7% to a new 2010 low of €0.75 level across three trades amounting to 40,000 shares. Best bids placed at €0.72 whilst lowest offers still in the market at the €0.80 level.
  • MIA edges 0.2% higher to €1.649 on increased volumes of over 30,000 shares. The airport operator is expected to publish its November traffic results shortly.
  • MaltaPost unchanged at the €0.93 level across two deals totalling 3,900 shares. Bids already placed higher at €0.95 whilst lowest offers pitched at the €1.00 level.

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