Daily Market Highlights (23.12.09)

  • MSE Share Index edges minimally higher this morning to close this short trading week at a fresh 2009 high. Index in positive territory for the fourth consecutive session with today’s gains in Medserv and GlobalCapital outweighing marginal declines in BOV, GO and Middlesea. Next trading session will be held on Monday 28 December. Download a copy of today’s Equity Market Summary.
  • BOV eases minimally lower to €3.799 but volumes increase to over 18,500 shares. Best bids in the market at €3.78 whilst further offers remain unsatisfied at the closing price. Equity trading with the entitlement to the 1 for 4 bonus issue until 12 January 2010.
  • Meanwhile HSBC closes unchanged at the €3.235 level after touching an intra-day high of €3.249. Six trades amounting to 6,000 shares exchanged today with best bids now at €3.20 whilst lowest offers pitched at the €3.24 level.
  • Medserv up a further 1.2% to a new all-time high of €4.25 on volumes of just 580 shares. No further bids in the market with few other offers outstanding at the closing price.
  • GO’s equity in negative territory for the first time in ten sessions. Initially share price touches a fresh 2009 high of €2.12 but fresh sell orders force the equity lower before to close at the €2.109 level. 19,000 shares trade today with best bids now at €2.10 whilst further offers unsatisfied at the last trading price. GO’s CEO Mr David Kay explained in an interview which was published in the local media last Sunday, that following the acquisition of exclusive local broadcasting rights for England’s Premier League and the Italian Serie A, the company expects a big increase in its TV subscriber base.
  • A single trade of just 218 Lombard shares transacted at yeaterday’s 2009 high of €2.97. Few other bids at the last traded price whilst lowest offers still pitched at the €2.99 level. On Monday the Bank announced that its Board of Directors is scheduled to meet on 11 March 2010 to approve the Group’s 2009 full-year results and to declare a final dividend.
  • Following four successive sessions of gains, Middlesea Insurance slips 0.8% to €0.79 on volumes of over 17,300 shares. Increasing levels of supply coming out at the €0.79 level following yesterday’s listing of the 67 million new shares pursuant to the recent rights issue . Despite today’s downturn, the equity ends this short week as the best performer with an 11.1% rise.
  • MaltaPost maintains the €0.72 level on volumes of 2,000 shares. Best bids now placed at €0.695 whilst further offers remain unsatisfied at the closing price. The postal operator is scheduled to publish its financial results for the year ending 30 September 2009 on 21 January 2010.
  • A single trade of 1,420 GlobalCapital shares transacted at the €1.28 level representing a 2.4% increase over the previous close. Few other bids at the closing price whilst lowest offers now pitched at the €1.35 level. During the last three sessions, the equity increased by 6.7%.

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