Daily Market Highlights (19.10.10)

  • Local equity market at a new 2010 low for the second time in five sessions. MSE Share Index shed 0.5% this morning to close at a fresh 2010 low of 3,330.417 points on the back of declines in HSBC and BOV. Meanwhile MIA, the only other active equity closed minimally higher. Download a copy of today’s Equity Market Summary.
  • HSBC succumbed to fresh sell orders as the equity shed 1% to a new 2010 low of €2.77 across eleven trades amounting to 9,956 shares. Best bids now placed at €2.752 whilst lowest offers still pitched at the €2.795 level.
  • After closing unchanged for two consecutive sessions at the €3.24 level, BOV’s share price also edged 0.9% lower to the €3.21 level. Just over 6,000 shares changed hands today with bids already placed higher at €3.22 whilst lowest offers still in the market at the €3.24 level. This afternoon the Bank announced that it will be publishing its full-year results on Friday 29 October.
  • On the other hand, MIA edged 0.1% higher to €1.56 across two trades amounting to 4,000 shares. Further bids unsatisfied at the closing price whilst lowest offers still pitched at the €1.62 level.
  • On the bond market, PG Finance (formerly Big Bon Finance) announced that it will be exercising its early redemption option and thus will be paying back all bondholders on 20 December 2010. Further details available here.
  • MIDI plc announced that it held an extraordinary general meeting ahead of a new public share issue which is still subject to regulatory approval. Further details on the resolutions approved available here.
  • Details on the FIMBank plc bond issue and copy of the prospectus available here.

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