Daily Market Highlights (16.09.10)

  • Local equity market closes lower for the third time this week. MSE Share Index down 0.1% today to close at 3,390.907 points – thus wiping out almost all the gains registered last Monday. During this morning’s session BOV and Lombard traded lower offsetting the minimal increase in MaltaPost. Download a copy of today’s Equity Market Summary.
  • BOV continues to trade within a tight range. Share price eases by 0.3% to the €3.22 level on dwindling volumes of 1,300 shares. Best bids still placed at the €3.20 level whilst few other offers remained unsatisfied at the closing price.
  • Meanwhile HSBC trades unchanged at the €2.84 level across six trades totalling 2,150 shares. Best bids still in the market at €2.81 whilst lowest offers now pitched at the €2.85 level.
  • GO also closed unchanged at €1.89 as the equity recovered from an intra-day low of €1.85. Seven trades amounting to 16,000 shares with further offers unsatisfied at the closing price.
  • Lombard sheds 0.7% to drop to a fresh 2010 low of €2.73 on a miniscule trade of 300 shares. Just over 200 shares on offer outstanding at the last closing price whilst best bids placed at the €2.72 level.
  • MIA, Middlesea and Plaza trade unchanged. 18,800 MIA shares exchanged at the €1.56 level whilst 1,000 Middlesea shares change hands at the €1.00 level. A single trade of 600 Plaza shares transacted at the €1.65 level.
  • MaltaPost regains its 2010 high of €0.90 across three trades totalling 20,500 shares. Best bids still pitched at €0.85 whilst further offers remained unsatisfied at the last trading price.
  • Yesterday, 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.

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