Daily Market Highlights (23.09.10)

  • Local equity market in positive territory after six consecutive sessions of declines. MSE Share Index recovers from a new 2010 low during the day to close 0.4% higher at 3,366.317 points as HSBC’s 1.8% rise offsets declines in BOV and MIA. Meanwhile IHI and Medserv close unchanged. Download a copy of today’s Equity Market Summary.
  • Central Bank of Malta Stockbroker raised its bid prices for Government paper for the third consecutive day as the benchmark 10-year Eurozone yield continued to retreat back below the 2.30% level. Various Malta Government Stocks active today with over €2.1 million (nominal) changed hands during this morning’s session.
  • HSBC recovers from yesterday’s drop as its share price rises by 1.8% to the €2.85 level. A single trade of 2,000 shares executed today with best bids now in the market at €2.83 whilst lowest offers pitched at the €2.86 level.
  • Meanwhile BOV wiped out yesterday’s gain as the equity slipped back to the €3.185 level on volumes of 11,114 shares. Best bids outstanding at €3.18 whilst lowest offers placed at the €3.20 level.
  • IHI again recuperates from an intra-day low of €0.802 to close unchanged at the €0.83 level. For the second successive session, volumes surpass 30,000 shares. Best bids now placed at €0.81 whilst lowest offers amounting to over 49,000 shares in the market at the €0.90 level. The bonus issue buy back offer by the Company is open until next Wednesday 29 September.
  • MIA edges 0.6% lower to the €1.55 level across three trades amounting to 6,600 shares. Further offers remained unsatisfied at the closing price whilst best bids still pitched at the €1.521 level.
  • Medserv shares trade for the first time since 9 August. A single trade of 585 shares transacted at the €4.28 level, unchanged from the previous close. No bids in sight whilst further offers outstanding at the last traded price. Recently Medserv announced that it entered into a Memorandum of Understanding (MoU) with T.E.A. Shipping to establish a joint venture. The new formed company will in turn procure further business in the oil and gas industry within the Italian jurisdiction.

Comments are closed.