Daily Market Highlights (09.11.10)

  • Recoveries in HSBC and BOV help local equity market close higher for the first time in five sessions with the MSE Share Index up 0.8% to 3,444.024 points. The other four active equities trade unchanged. Download a copy of today’s Equity Market Summary.
  • Subscriptions for the two new Malta Government Stock issues up to €100,000 (nominal) open until tomorrow. The two new stocks are the 3.75% MGS 2015 at 103.50% and the 5.25% MGS 2030 at 101.50%. Further details available here.
  • Last week 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 recoups some of yesterday’s 4.2% decline to regain the €3.52 level on high volumes of over 54,000 shares. Further bids outstanding at the closing price whilst lowest offers now pitched at the €3.55 level. Although BOV shares are no longer trading with the entitlement to the final gross dividend, investors acquiring BOV shares until 7 January 2011 will still be entitled to the 1 for 5 bonus issue. Details of September 2010 financial results available here.
  • HSBC closes in positive territory for the first time in five sessions. Share price up 1% to €2.899 across six trades amounting to 6,236 shares. Further offers unsatisfied at the closing price whilst best bids still in the market at the €2.87 level.
  • GO again unchanged at the €1.88 level across two deals amounting to 2,500 shares. Last week the telecoms Group issued its Interim Directors’ Statement revealing 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.
  • A further 15,000 IHI shares change hands at the €0.77 level. Last Friday, the IHI Group published its Interim Directors’ Statement explaining that despite the forecasted improved performance in the second half of 2010, the Group expects operating results for full-year 2010 to be below the level registered in 2009. Conversely, forecasts for the first quarter of 2011 suggest an improved performance over the corresponding quarter of 2010. Further details available here.
  • Middlesea Insurance unchanged at the €1.00 level on volumes of just over 1,100 shares. Further bids outstanding at the last trading price with lowest offers now pitched at the €1.02 level.
  • Plaza Centres also maintains yesterday’s close of €1.70 on a single trade of 4,600 shares. Best bids now placed at €1.52 whilst lowest offers still in the market at the €1.72 level.
  • This afternoon, the Malta Stock Exchange announced that the recently issued bonds of FIMBank plc have been admitted to the Official List and trading in the EUR and USD bonds is expected to start tomorrow.

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