Daily Market Highlights (26.04.2011)

  • MSE Share Index closes in positive territory for the second consecutive session this week. The local bourse advances by 0.3% to 3,343.101 points mainly due to the 1.4% rise in HSBC’s share price. Meanwhile, Middlesea reverses most of yesterday’s gains whilst MIA also closes minimally lower. The other active equities (BOV, GO, SFC and RS2) closed unchanged. Download a copy of today’s Equity Market Summary .
  • HSBC’s equity rises by 1.4% this morning to regain the €2.96 level on volumes of 6,599 shares. Further bids are pitched in the closing price with lowest offers now placed at €2.98.
  • BOV remained unchanged at €2.895 ahead of Friday’s half-year results publication covering the six months to 31 March 2011. Ten trades totaling 13,067 shares were transacted with best bids in the market at €2.88 whilst lowest offers at the €2.90 level.
  • Simonds Farsons Cisk holds on to its recent gains as all offers at the €1.80 level are taken up. The equity has risen by 6.5% since it published a strong set of financial results last week. The financial statements for the year ended 31 January 2011 revealed a 36.1% rise in profitability due to increased revenue as well as lower operational costs. The Directors recommended a final net dividend of €0.0533 to all shareholders as at close of trading on 19 May. Together with the interim net dividend, the total net dividend of €0.0667 per share represents an 11.2% increase over the previous year’s dividend.
  • MIA’s equity edges 0.06% lower to €1.699 on a single trade of 7,000 shares. The airport operator’s share price has shed 3.2% since 15 April 2011 when it announced the issuance of a Fuel Ground Handling tender which provides for a significantly reduced fuel handling user fee from €12.50 per 1,000 litres to €2.60 per 1,000 litres which should result in a revenue decline of €1.2 million per annum. Further details available here.
  • RS2 Software share price unchanged at €0.519 on two trades totalling 25,500 shares. The equity will be trading with the entitlement to the net dividend of €0.032 per share until 10 May. Further details of full-year results available here.
  • Middlesea fails to hold on to yesterday’s 6% gain as the share price fell 3.7% to €0.857 on increasing activity amounting to 17,058 shares. Few other offers unsatisfied at €0.89 whilst best bids now placed at €0.85.
  • GO’s share price unchanged at its all-time closing low of €1.40. A total of 13,936 shares were exchanged across 4 trades. Other offers remain outstanding at the closing price with best bids pitched at €1.35. The equity turns ex-dividend as from 5 May.