Daily Market Highlights (14.10.09)

  • Following three consecutive sessions of increases, MSE Share Index drops 1% back  to the 3,150.692 level as BOV sheds a staggering  and unexpected  6.2%  on new supply . Meanwhile HSBC and GO trade higher with Lombard unchanged. Download a copy of today’s Equity Market Summary.
  • BOV’s share price slumps 6.2% back to the €3.19 level on increased volumes of 21,624 shares. Best bids now placed at €3.15 with lowest offers now pitched at the €3.25 level. The Bank is expected to publish its full-year results by the end of October.
  • Meanwhile HSBC’s positive run extends to the fourth consecutive session with the share price rising a further 0.8% to regain the €2.80 level. Just below 14,400 shares exchanged today with few other bids at the closing price whilst lowest offers now placed at the €2.86 level.
  • GO also increases by 0.7% to close at €1.56. Just over 3,000 shares changed hands during this morning’s session.
  • A single trade of 3,600 Lombard shares transacted this morning at the €2.50 level, unchanged from the previous close. Best bids now in the market at €2.48 with further offers amounting to 24,446 remaining unsatisfied at the closing price.
  • Last Tuesday, MIA published the September 2009 traffic results showing a 3.1% drop in passenger departures during the month of September to 162,103 passengers (September 2008: 167,282). During the first nine months of 2009, passenger departures declined by 8.1%, representing a decrease of 101,052 passengers. Shortly before the publication of the 2009 half-year results, MIA’s CEO Mr Julian Jaeger had revised downwards the traffic projection for 2009 from 5.5% to 6.8%.
  • The 6.25% IHI plc 2015-19 bonds continue to trade at par while the 6.25% Corinthia Finance plc 2016-19 bonds have yet to register their first trades with lowest offers in the market at 101% whilst best bids pitched at 100.51%.
  • Meanwhile no trades effected in the €25.9 million 7.15% Melita Capital plc 2014 – 2016 bonds following admittance to the Alternative Companies List yesterday.

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