Daily Market Highlights (22.06.10)

  • Local equity market reverses yesterday’s 0.2% increase as the MSE Share Index retreats by 0.3% to 3,409.205 points as BOV, MIA and Lombard trade lower offsetting HSBC’s 0.3% rise. Meanwhile GO, Middlesea and MaltaPost close unchanged. Download a copy of today’s Equity Market Summary.
  • BOV drops 1.2% to close at the €3.23 level on volumes of 16,329 shares. Few other bids remain unsatisfied at the last traded price whilst lowest offers now pitched at the €3.248 level.
  • Meanwhile HSBC edges 0.3% higher to regain the €2.86 level. Over 19,000 shares trade today with best bids in the market at €2.85 whilst further offers outstanding at the last closing price.
  • MIA’s share price opens at a new 2010 high of €1.65 during this morning’s session before succumbing to some late selling pressure to close at the €1.61 level – 1.8% lower than the previous closing price. 22,400 shares exchanged today with best bids in the market at €1.58 whilst lowest offers pitched at the €1.67 level.
  • MaltaPost well supported at its 2010 high of €0.90 as a further 31,000 change hands at this level during this morning’s session. A further 5,053 shares remain on offer at the last traded price.
  • A single trade of 1,044 Lombard shares transacted at the €2.90 level representing a 0.7% drop from the previous closing price.
  • Middlesea Insurance shares holds on to recent gains as a further 16,079 shares trade at the 2010 high of €1.00. Bids already placed higher at €1.01 whilst lowest offers now placed at the €1.20 level.
  • GO maintains the €1.85 level across 10 trades amounting to 25,700 shares with further offers unsatisfied at the last traded price.
  • Applications from Preferred Applicants in the 6.2% Tumas Investments plc new bond issue must submit their forms by tomorrow evening. Meanwhile the General Public offer takes place on Friday 25 June. Further details available here.
  • Izola Bank plc announced that the Intermediaries Offer of €7 million 5.35% Secured Notes maturing in 2015 was oversubscribed by over 59%. The Issuer exercised the over-allotment option and increased the issue by a further €2 million. Further details available here.

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