Daily Market Highlights (12.10.11)

  • MSE Share Index ended today’s session 0.7% lower at 3,091.963 points mainly due to the declines in the banks’ equities. The fall in the share price of HSBC, BOV and Lombard together with those of GO and GHM offset the positive performances registered by MIA and MaltaPost. Download a copy of today’s Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index edged marginally higher to close at 985.556 points reflecting this morning’s minimal drop in Eurozone yields.
  • MIA shares in positive territory for the fourth consecutive session as the equity edged another 0.6% higher today to close at another 3-month high of €1.65 across eight trades totalling over 29,300 shares. Few other offers unsatisfied at the closing price whilst best bids still placed at the €1.60 level. During the first nine months of the year, MIA’s passenger movements have increased by 7.9% to 2,781,802.
  • Meanwhile BOV’s share price slid 1.2% back to the €2.465 level on volumes of almost 9,000 shares. Few bids still outstanding at the last traded price whilst lowest offers pitched at the €2.499 level. BOV generally publishes its preliminary full-year results by the end of October.
  • HSBC edged 0.6% lower to close below the €2.65 level for the first time in seven sessions. Over 5,200 shares changed hands today with best bids in the market at €2.635 whilst lowest offers pitched at the €2.65 level.
  • A small trade of 200 Lombard shares were executed at the €2.58 level representing a 0.4% drop from the previous close.
  • Fresh sell orders pushed GO’s equity 6.1% down to the €1.052 level across three trades amounting to 6,000 shares. Lowest offers in the market at €1.11 whilst best bids pitched at the €1.051 level.
  • Grand Harbour Marina’s equity was forced 1% down to the €1.95 level despite last week’s announcement revealing the second 30-metre super yacht berth sale this year. Further details on this sale available here. 9,400 shares changed hands today with further offers unsatisfied at the closing price whilst no bids in sight.
  • MaltaPost in positive territory today as the shares of the postal operator edged another 1% higher to close at the €0.99 level on one deal of 1,600 shares.