Daily Market Highlights (14.03.11)

  • Local equity market characterised by weak investor sentiment due to the developments in Libya and Japan. MSE Share Index slips another 0.4% to 3,559.177 points as declines in BOV and RS2 outweigh the minimal increase in the share price of MaltaPost. Meanwhile HSBC, GO and MIA close unchanged. Meanwhile the Rizzo Farrugia MGS Index again moved minimally higher this morning to 979.337 points. Download a copy of today’s Equity Market Summary.
  • BOV reversed a large part of last week’s 2.4% rise as the equity drops 1.3% to €2.93 on volumes of 13,970 shares. Further bids outstanding at the closing price whilst lowest offers now pitched at the €2.95 level.
  • Meanwhile, following last week’s 2% drop, HSBC maintains the €2.90 level across five trades amounting to 6,778 shares. Other bids unsatisfied at the last traded price whilst lowest offers now in the market at the €2.92 level. The final gross dividend of €0.077 per share will be paid on 21 April following approval by the shareholders at the upcoming Annual General Meeting to be held on 7 April.
  • GO also fails to recover from last week’s 2.3% decline as the equity closed unchanged at the €1.73 level. Almost 13,900 shares change hands today with few bids in the market at €1.72 whilst lowest offers still pitched at the €1.75 level. The quad play telecom operator this morning announced that its Board of Directors is scheduled to meet tomorrow to consider and approve the Group’s 2010 financial statements.
  • MIA maintains last week’s 3.8% rise as a further 15,750 shares change hands during this morning’s session at the €1.80 level. Further offers unsatisfied at the closing price whilst best bids pitched at €1.765. The airport operator is due to publish its 2010 financial results next Thursday 17 March.
  • Share price of RS2 Software plunges 20.3% to a fresh all-time low of €0.31 on lack of support in the market. Only 3,000 shares exchanged today with best bids now placed at €0.25 and lowest offers at the €0.38 level.
  • The only positive performer of the day was MaltaPost. The share price postal operator edged 0.8% higher to reclaim the €1.06 level on volumes of over 11,200 shares. Bids already placed higher at €1.07 whilst lowest offers pitched at the €1.095 level.

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