Daily Market Highlights (13.06.11)

  • MSE Share Index recovered most of last week’s 0.1% drop as the local equity benchmark recovered by 0.06% to close at 3,376.090. BOV’s 0.4% rise offsets MIA’s marginal retreat. The three other active equities, HSBC, GO and FIMBank closed unchanged. Download a copy of today’s Equity Market Summary.
  • Rising possibility of debt restructuring by Greece leading to downward pressure on benchmark eurozone yields. In fact, the 10-year German Bund yield touched the 2.955% level this morning resulting in a 0.1% rise in the Rizzo, Farrugia MGS Index to 976.906 points.
  • New bids helped BOV’s equity edge 0.4% higher today to regain the €2.75 level across seven trades totalling 11,100 shares. Further offers unsatisfied at the closing price whilst best bids pitched at the €2.73 level.
  • Meanwhile HSBC holds on to the €2.97 level on low volumes of 1,850 shares. Further offers unsatisfied at the last traded price whilst best bids now pitched at the €2.91 level.
  • MIA’s share price down 0.6% lower this morning back to the €1.73 level across two trades amounting to 7,800 shares. Last week the airport operator announced a 5.8% increase in passenger movements during May 2011. Following the fifth consecutive monthly growth in 2011 traffic, MIA stated that passenger movements increase by 15.3% since the start of 2011. Further details available here.
  • GO recovered from an intra-day low of €1.34 to close unchanged at the €1.37 level across six trades totalling almost 6,000 shares. Best bids still in the market at €1.325 whilst other offers outstanding at the last closing price. On Saturday, GO paid out the net dividend of €0.05 per share as approved by shareholders during the Group’s Annual General Meeting which was held last Thursday.
  • FIMBank also unchanged at its multi-year low of US$0.80 on volumes of over 8,800 shares. Best bids placed at US$0.77 whilst lowest offers now pitched at the US0.83 level. Shareholders have until 30 June to submit their acceptance form with respect to the share for share exchange with FIM Holdings plc. Further details available here.