Daily Market Highlights (24.06.10)

  • Local equity market in negative territory for the third successive session. MSE Share Index sheds a further 0.3% to close at 3,397.867 points – its lowest level since 9 December 2009. The Index is now 1.8% below the level at the start of the year and a staggering 14% below its 2010 high of 3,956.286 recorded on 20 January 2010. During this morning’s trading session BOV and HSBC traded lower whilst Middlesea and GO closed unchanged. Download a copy of today’s Equity Market Summary.
  • BOV’s share price down by a further 0.9% to close at the €3.20 level. Low volumes of just over 8,500 shares trade today. Best bids now placed at the €3.10 level whilst further offers remained unsatisfied at the closing price.
  • HSBC eases minimally lower to drop back to the €2.84 level also on low volumes of 6,600 shares. Best bids now placed at €2.835 whilst few other offers remain unsatisfied at the closing price.
  • Further support for Middlesea Insurance helps the equity climbed to a fresh 2010 high of €1.05. However share price slips back to closed unchanged at the €1.03 level. Over 11,000 bids remain unsatisfied in the market at €1.03 with lowest offers at the €1.05 level.
  • GO closes unchanged at the €1.85 level on a single trade of 1,000 shares.
  • The General Public Offer of the new bond issue by Tumas Investments plc opens tomorrow morning. Applications must be for a minimum of €1,200 and in multiples of €100 thereafter. Further details on this new bond is available here.
  • This morning the Malta Stock Exchange announced that Eden Finance plc has bought back and consequently cancelled €155,006 of its 6.7% Bonds maturing on 12 October. Following this buy back the amount of outstanding 6.7% Bonds is €15,377,484.

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