Daily Market Highlights (27.01.11)

  • Local equity market registers the fifth positive performance in succession. MSE Share Index advances by 0.3% to a new 12-month high of 3,887.348 points on gains in the share prices of the smaller capitalised financial services companies. Gains in Lombard Bank, FIMBank and Middlesea offset the marginal decline in BOV. Meanwhile HSBC, IHI, GO and MIA close unchanged. Download a copy of today’s Equity Market Summary.
  • Strong upturn in Lombard’s share price as new bids help the equity jump 9.6% higher to regain the €2.85 level. Volumes of over 15,700 shares exchanged today with lowest offers now at the €2.919 level. The Bank is scheduled to publish its 2010 full-year results on 10 March.
  • FIMBank’s share price also on the rise although only 660 shares change hands. Equity up 3.7% to the US$0.975 level with offers already placed lower at the US$0.95 level. The trade finance specialist has already announced that it will publish its 2010 full-year results on 3 March.
  • Middlesea Insurance also in positive territory with a 1% increase to the €1.02 level on just over 7,300 shares. Best bids in the market at €1.011 whilst lowest offers placed at the €1.059 level.
  • On the other hand, BOV closes lower for the third time this week on lack of support. Share price down a further 0.3% this morning to the €3.13 level. Over 17,000 shares change hands today with further offers unsatisfied at the closing price whilst best bids placed at the €3.12 level.
  • HSBC unchanged at the €3.53 level after failing to hold on to an intra-day high of €3.54. Seven trades totalling 6,425 shares transacted this morning. The Bank generally publishes its 2010 full-year results by the end of February.
  • IHI holds on to the €0.97 on high volumes reaching over 117,000 shares. Further offers unsatisfied at the last traded price whilst best bids still placed at the €0.95 level.
  • MIA remains well supported following this week’s press conference during which the Company revealed that it expects to maintain the record of 3.29 million passenger movements reported during 2010. Further details available here. Equity unchanged at the €1.83 level across four trades amounting to 5,171 shares with further offers unsatisfied at the closing price.
  • GO maintains the €1.929 level as a last minute trade again helps the equity recover from an intra-day low of €1.90. Volumes of 11,750 shares traded this morning with further offers outstanding at the closing price whilst best bids now placed at the €1.86 level.

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