Daily Market Highlights (13.02.12)

  • The MSE Share Index closed the day below the 3,000-point level for the third consecutive trading session with only 3 equities active today. The Index closed minimally lower at 2,994.038 points as the 2% gain in the share price of GO was offset by the declines in Bank of Valletta and 6pm Holdings. Download a copy of the Equity Market Summary
  • The financial reporting season is due to commence next week with the publication of the full-year results by Island Hotels Group Holdings plc (23 February), HSBC Bank Malta plc (24 February) and Middlesea Insurance plc (28 February).
  • On the bond market, the Rizzo Farrugia MGS Index advanced marginally higher to 986.714 points as the Central Bank of Malta increased the bid prices for long dated paper. Across the international bond markets, Italy succeeded in raising €12 billion in a 12-month Treasury Bill auction at a rate of 2.23% compared to last month’s auction what was set at 2.735%.
  • GO plc was the only positive performer of the day. The equity advanced by 2.1% to close at €0.878 after touching an intra-day low of €0.851. Only two deals totalling 2,500 shares were executed during today’s trading session.
  • Bank of Valletta plc retreated by 0.2% to close at €2.21 on continued low activity totalling 7,577 shares across 11 trades. Outstanding offers are placed at €2.22 with highest bids at €2.19.
  • In the IT sector, the Sterling denominated equity of 6pm Holdings plc dropped 7.5% to GBP0.37 across 3 trades totalling 10,000 shares.