Daily Market Highlights (26.10.10)

  • MSE Share Index advances by a further 0.2% to 3,360.586 points as BOV and MIA closed in positive territory. The other four active equities, namely HSBC, IHI, Middlesea and MaltaPost, close unchanged. Download a copy of today’s Equity Market Summary.
  • Central Bank of Malta Stockbroker reduces further its bid prices for Malta Government Stocks as the 10-year Eurozone benchmark yield surpassed the 2.5% level. The Treasury this morning published a Prospectus in terms of the upcoming Malta Government Stock issues. The 2 new stocks are: (i) 3.75% MGS 2015 (VI) (Fungible Issue) and (ii) 5.25% MGS 2030 (I) (Fungible Issue). Prices will be determined on Thursday 4 November 2010 and subscription period will take place between 8 and 10 November. Further details available here.
  • Further demand for BOV shares ahead of the full-year’s publication next Friday. Share price close higher for the fifth consecutive session. Equity up another 0.3% this morning to regain the €3.28 level across eleven trades amounting to 9,948 shares.
  • Meanwhile HSBC maintains the €2.795 level also across eleven deals totalling 15,848 shares. Few other bids in the market at the last traded price whilst lowest offers now pitched at the €2.80 level.
  • Renewed demand for MIA shares helps the equity regain its 2010 high. Share price lifted 3.1% higher this morning to €1.65 on volumes of just under 8,300 shares. Further offers remain unsatisfied at the closing price whilst best bids now placed at the €1.60 level.
  • A further 14,500 IHI shares change hands today at the €0.80 level, unchanged from the previous close. Other offers outstanding at the closing price whilst best bids still in the market at the €0.72 level.
  • MaltaPost maintains 2010 high of €0.92 across 4,312 shares. Further bids unsatisfied at the last traded price whilst no offers available in the market.

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