Daily Market Highlights (15.09.10)
- Local equity market in negative territory for second consecutive session as trading activity dries up. MSE Share Index eased marginally lower to 3,394.175 points as FIMBank’s 3% drop outweighed the increase in BOV. Just under €22,600 worth traded across the two active equities. Download a copy of today’s Equity Market Summary.
- Central Bank of Malta Stockbroker marginally tweaked its indicative Malta Government Stock bid prices as the 10-year benchmark Eurozone yield was fairly unchanged at the 2.39% level.
- BOV recovered yesterday’s 0.3% decline as the equity regained the €3.23 level. Volumes of just over 6,200 shares changed hands today with further offers outstanding at the closing price whilst best bids still pitched at the €3.20 level.
- Meanwhile HSBC shares inactive today with lowest offers placed at the last closing price of €2.84 whilst best bids pitched at the €2.18 level.
- FIMBank failed to hold on to its recent gains as its share price dropped 3% back to the U$0.97 level across two trades amounting to just 3,100 shares. Further bids reaching over 56,700 shares remained unsatisfied at the last traded price whilst lowest offers still in the market at the US$1.00 level.
- No other equity active today as investors remain focused on the bond market.
- Today Mediterranean Bank plc announced a new €15 million bond issue. The new five-year bonds will carry a coupon of 6.25%. Further details on this bond issue and copy of the Prospectus available here.