Daily Market Highlights (10.09.10)

  • MSE Share Index marginally up to 3,385.904 points as BOV’s 0.6% rise offsets Middlesea’s 1% decline.  Meanwhile HSBC and IHI close unchanged. Despite today’s minimal upturn, the Index closed the week 0.3% lower and is now 2.2% below its value at the beginning of the year. Download a copy of today’s Equity Market Summary.
  • Indicative Malta Government Stock bid prices revised downwards as the 10-year benchmark Eurozone yield shot back up to the 2.34% level.
  • HSBC unchanged at the €2.84 level on very low volumes of 560 shares. Few bids in the market at €2.81 whilst other offers remained unsatisfied at the closing price. Equity closed the week 0.7% higher.
  • BOV closes 0.6% higher today at €3.20 (unchanged for the week) after easing from an intra-day high of €3.22 on volumes of over 8,400 shares. Considerable spread between bids and offers with best bids now pitched at the €3.185 level whilst lowest offers placed at the €3.29 level.
  • IHI holds onto the €0.83 level as a further 15,000 shares are exchanged. This equity ended the week 1.2% lower. Shareholders have until 29 September to sell back their bonus share entitlement to IHI at the nominal value of €1.00.
  • Middlesea down a further 1% to the €1.00 level for the first time since 22 June. 9,150 shares change hands this morning with best bids now at €0.99 whilst further offers remained unsatisfied at the closing price. The Insurance Group ended the week as the worst performing equity with a 4.8% slump.
  • Various other equities, including MIA, FIMBank and Lombard closed the week in negative territory. Meanwhile, apart from HSBC, only GO and Crimsonwing registered an upturn during this shortened week.

MSE Share Index marginally up to 3,385.904 points as BOV’s 0.6% rise offsets Middlesea’s 1% decline.  Meanwhile HSBC and IHI close unchanged. Despite today’s minimal upturn, the Index closed the week 0.3% lower and is now 2.2% below its value at the beginning of the year. Download a copy of today’s Equity Market Summary.

Indicative Malta Government Stock bid prices revised downwards as the 10-year benchmark Eurozone yield shot back up to the 2.34% level.

HSBC unchanged at the €2.84 level on very low volumes of 560 shares. Few bids in the market at €2.81 whilst other offers remained unsatisfied at the closing price. Equity closed the week 0.7% higher.

BOV closes 0.6% higher today at €3.20 (unchanged for the week) after easing from an intra-day high of €3.22 on volumes of over 8,400 shares. Considerable spread between bids and offers with best bids now pitched at the €3.185 level whilst lowest offers placed at the €3.29 level.

IHI holds onto the €0.83 level as a further 15,000 shares are exchanged. This equity ended the week 1.2% lower. Shareholders have until 29 September to sell back their bonus share entitlement to IHI at the nominal value of €1.00.

Middlesea down a further 1% to the €1.00 level for the first time since 22 June. 9,150 shares change hands this morning with best bids now at €0.99 whilst further offers remained unsatisfied at the closing price. The Insurance Group ended the week as the worst performing equity with a 4.8% slump.

Various other equities, including MIA, FIMBank and Lombard closed the week in negative territory. Meanwhile, apart from HSBC, only GO and Crimsonwing registered an upturn during this shortened week.

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