Daily Market Highlights (13.09.10)

  • Local equity market recovers from last week’s decline albeit on low volumes. MSE Share Index up 0.5% to close at 3,403.768 points on the back of increases in the share prices of BOV, IHI and FIMBank. Meanwhile HSBC and Middlesea trade unchanged. Download a copy of today’s Equity Market Summary.
  • Indicative Malta Government Stock bid prices again revised downwards as the 10-year benchmark Eurozone yield now above the 2.40% level.
  • BOV kicked off the week with a 0.9% increase to regain the €3.23 level but on low volumes of 1,834 shares. Best bids now pitched at €3.22 whilst lowest offers still placed at the €3.29 level.
  • Meanwhile a single trade of just 345 HSBC shares executed at the €2.84 level, unchanged from the previous close. Further offers unsatisfied at the closing price whilst best bids placed at the €2.81 level.
  • IHI inches 1.2% higher to the €0.84 level across two trades amounting to 30,000 shares. Shareholders have until 29 September to sell back their bonus share entitlement to IHI at the nominal value of €1.00.
  • FIMBank share price up 3.1% to the US$1.00 level on low volumes of 1,600 shares. Best bids still in the market at US$0.971 whilst further offers remain unsatisfied at the closing price.
  • Middlesea unchanged at the €1.00 level after recovering from an intra-day low of €0.99. Just over 3,000 shares exchanged today with further bids outstanding at the closing price whilst lowest offers now pitched at the €1.09 level.
  • This morning Eden Finance plc announced that the outstanding €14.8 million 6.7% Bonds 2010 will be redeemed on 12 October 2010. Therefore no further trading in this Bond will be possible after Friday 17 September 2010.

Comments are closed.