Daily Market Highlights (14.09.10)

  • MSE Share Index reverse some of yesterday’s gains as it eased 0.2% back to 3,395.587 points as the declines in BOV and IHI outweighed the 0.7% rise in MIA. Meanwhile a further 4 equities trade unchanged. Download a copy of today’s Equity Market Summary.
  • Central Bank of Malta Stockbroker raise its indicative Malta Government Stock bid prices as the 10-year benchmark Eurozone yield retreats to below the 2.40% level. Most notably, the bid prices of the 10-year and 20-year paper were raised 39 and 58 basis points respectively.
  • BOV reversed some of yesterday’s 0.9% increase, as its share price closes 0.3% lower during this morning’s session. Only 1,870 shares change hands today with best bids now placed at €3.20 whilst lowest offers now pitched at the €3.23 level.
  • Meanwhile HSBC again trades unchanged at the €2.84 level across eleven transactions amounting to over 10,400 shares. Best bids still in the market at €2.81 whilst lowest offers now placed at the €2.87 level.
  • IHI retreats by 1.2% to the €0.83 level on volumes of just 1,250 shares. Further bids outstanding at the closing price whilst lowest offers of over 30,700 shares still placed at the €0.90 level. Shareholders have until 29 September to sell back their bonus share entitlement to IHI at the nominal value of €1.00.
  • MIA regains the €1.56 level on volumes of over 21,800 shares. Recently the airport operator published the passenger numbers for the month of August revealing a new all-time high of passenger movements. Further details available here.
  • Grand Harbour Marina shares active for the first time in over a month. Equity opens 2% lower but immediately recovers to close unchanged at the €1.96 level. Three trades amounting to 15,000 shares executed this morning with best bids still in the market at €1.92 whilst lowest offers pitched at the €2.10 level.
  • Low volumes traded in Middlesea Insurance and Crimsonwing. Middlesea unchanged at the €1.00 level across 6,772 shares. The IT Company maintains the €0.42 level on volumes of 4,000 shares.

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