Daily Market Highlights (13.07.10)

  • After four sessions of increases, the MSE Share Index eases 0.3% to 3,471.177 points during this morning’s session as BOV retreats by 1.5%. IHG Holdings eased minimally lower whilst Middlesea and Lombard recovered some of their recent declines. Meanwhile HSBC, GO and MIA close unchanged. Download a copy of today’s Equity Market Summary.
  • Following the 7.6% rise in the previous two sessions BOV‘s share price sheds 1.5% to the €3.201 level on some profit taking. Low volumes persist in this equity with only 2,445 shares changing hands today. Few other bids remained unsatisfied at the closing price whilst lowest offers still pitched at the €3.248 level. Market now awaits the stress test results expected to be published on 23 July.
  • Meanwhile HSBC maintains the €3.03 level on higher volumes of over 10,700 shares. Best bids in the market at €2.95 whilst lowest offers now pitched at the €3.05 level. The Bank is scheduled to report its 2010 half-year results and interim dividend on 30 July.
  • Single trades transacted in Middlesea Insurance and Lombard Bank. The insurance equity regains its 2010 high of €1.15 on volumes of 500 shares. Lombard rises 0.7% to regain the €2.91 level on just 175 shares.
  • GlobalCapital shares active for the first time in almost four months. A thin trade of 370 shares transacted this morning at the €1.50 level, unchanged from the previous close.
  • GO also traded unchanged at the €1.90 level across five trades amounting to 5,800 shares. Bids already placed higher at €1.91 whilst lowest offers now pitched at the €1.93 level.
  • MIA also unchanged at the €1.58 level after recovering from an intra-day low of €1.56. Almost 6,400 shares exchanged today with best bids still placed at €1.561 whilst further offers outstanding at the €1.58 level. MIA is due to report its interim results on 29 July.
  • On the other hand, IHG Holdings closes minimally lower at €0.999 across 3 trades totalling 5,000 shares. Further offers unsatisfied at €0.999 whilst best bids placed significantly lower at the €0.551 level.
  • Yesterday MIH announced that subscription lists closed immediately after the opening of the General Public Offering due to over-subscription. As a result the Issuer exercised its over-allotment option and increased the amount to the equivalent of €40 million. The allocation policy is expected to be announced in the coming days.

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