Daily Market Highlights (23.06.10)

  • MSE Share Index sheds a further 0.1% to close at 3,406.916 points as the gains in MIA and Middlesea Insurance are outweighed by the declines in HSBC and FIMBank. Meanwhile BOV closes unchanged. Download a copy of today’s Equity Market Summary.
  • Middlesea Insurance climbs 3% to a fresh 2010 high of €1.03 on a thin trade of 700 shares. Best bids already placed higher at €1.035 whilst lowest offers pitched at the €1.05 level.
  • HSBC eases 0.5% lower to drop back to the €2.845 level on volumes of over 7,100 shares. Further bids outstanding at the closing price whilst lowest offers placed at the €2.85 level.
  • FIMBank also in negative territory as the equity touches a new 2010 low of US$0.999. The trade specialist closed 1% lower at US$1.00 on volumes of 5,184 shares. Best bids still in the market at US$0.95 whilst further offers remain unsatisfied at the last traded price.
  • Meanwhile BOV trades unchanged at the €3.23 level across three trades totalling 3,565 shares. Best bids now placed at €3.201 whilst further offers remain unsatisfied at the closing price.
  • MIA recovers some of yesterday’s 1.8% decline as the share price adds 0.6% to the €1.62 level. A single trade of 2,400 shares executed this morning with other offers in the market at the closing price.
  • This morning IHG Holdings plc published its interim results for the period ended 30 April 2010. The financial statements showed a net loss for the first six months of the current financial year of €2.1 million as the 9.7% drop in revenue outweighed the cost savings of circa €600,000. The drop in turnover was mainly the result of the international economic downturn and the April volcanic ash crises. The Directors did not declare an interim dividend. Further details available here.
  • Today marks the closing date for Preferred Applicants in the 6.2% Tumas Investments plc new bond issue . Meanwhile the General Public offer opens next Friday 25 June. Further details available here.

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