Daily Market Highlights (17.02.11)

  • Local equity market unchanged as volumes shrink in anticipation of the full-year results publication of HSBC. MSE Share Index maintains the 3,839.436-point level as the only three active equities, namely HSBC, BOV and MaltaPost, all held to their respective closing prices. Download a copy of today’s Equity Market Summary.
  • The Rizzo Farrugia MGS Index advanced by 0.2% today following yesterday’s sharp drop in the benchmark Eurozone yield to the 3.22% level. The Bond Index today closed at 981.028 points – the highest level since 7 February.
  • Subscriptions for the two new Malta Government Stock issues closed yesterday afternoon while tenders for applications in excess of €100,100 (nominal) must be lodged by Friday 18 February at 12 noon. The Treasury is expected to announce the results of the tenders tomorrow afternoon.
  • BOV’s equity closes unchanged at €3.05 in a volatile session. Share price opens higher at €3.06 but drops back to €3.02 on a fresh wave of sale orders before regaining the €3.05 level. Just under 20,900 shares exchanged today with best bids in the market at €3.02 whilst lowest offers placed at the €3.10 level. BOV’s Interim Statement on 4 February revealed fair mark downs during the first quarter of its financial year and the share price has since declined by 2.5%. Further details available here.
  • Meanwhile low volumes again in HSBC shares as investors await the publication of the Bank’s 2010 full-year results scheduled for tomorrow afternoon. 4,500 shares change hands this morning at the €3.499 level, unchanged from the previous close.
  • MaltaPost maintains its all-time high of €1.10 on a single trade of 900 shares. Further shares on offers at the last closing price whilst best bids still placed at €1.074. The equity of the postal operator currently ranks as the best performer so far this year with an increase of 10% following a similar ranking in 2010 with an appreciation of 42.9%.
  • Full-year reporting season kicks off tomorrow with HSBC’s 2010 full-year results. These will be followed by the results of Island Hotels (21 February), FIMBank and Plaza (3 March), Lombard Bank (10 March) and Middlesea Insurance (14 March).

Comments are closed.