Daily Market Highlights (25.11.09)

  • MSE Share Index closes at a new 2009 high for the third consecutive session with various equities active today. Index increases by a further 0.4% to 3,349.648 points as HSBC, BOV, IHI and GO trade higher. Medserv and MaltaPost also in positive territory whilst MIA slips 4.1%. Download a copy of today’s Equity Market Summary .
  • Allocation policy in respect of the recent Mizzi Organisation Finance plc bond issue to be announced next Monday 30 November 2009. The bond issue was heavily oversubscribed and the Issuer exercised the over-allotment option increasing the total size to €30 million.
  • BOV edges 1.1% higher as the equity recovers yesterday’s drop and regains the €3.80 level. Only 3,400 shares change hands today with best bids now at €3.76 whilst few other offers remain unsatisfied at the closing price. The Bank scheduled its Annual General Meeting for 16 December during which shareholders will be asked to approve a number of resolutions including the final gross dividend of €0.215 per share and a 1 for 4 bonus issue.
  • HSBC in positive territory for the third consecutive session. Equity edges 0.2% higher to close at yet another fresh 2009 high of €3.095 on volumes of 9,800 shares. Best bids already pitched higher than the last closing price at €3.12 whilst lowest offers now in the market at the €3.15 level.
  • GO also edges 0.3% higher to another new 2009 high of €1.90 on volumes of over 9,900 shares. share price least traded at the €1.90 level in September 2008.
  • IHI’s share price marginally rises by 1.2% to €0.82 on a single trade of 6,500 shares. Further offers placed at the closing price with best bids in the market at €0.80.
  • Medserv also closes at a fresh 2009 high. Share price jumps 2.5% to close at €4.10 on high volumes of over 41,300 shares. Lowest offers now placed at the €4.20 level.
  • MaltaPost rises 3.2% to regain the €0.64 after touching an intra-day high of €0.655. Over 3,600 shares exchanged today with further bids unsatisfied at the closing price whilst lowest offers now pitched at the €0.70 level.
  • Meanwhile MIA reverses last Monday’s increase as the share price drops back 4.1% to the €2.35 level on violumes of 3,000 shares. Yesterday low-cost carrier Easyjet announced that it will increase its Malta routes next year from Milan and Liverpool.
  • Elsewhere Lombard and FIMBank close unchanged on miniscule volumes.
  • Middlesea maintains the €0.65 level with a further 20,000 shares changing hands during this morning’s session. Further details of rights issue available here.

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