Daily Market Highlights (27.04.2011)
- After two positive sessions, the MSE Share Index slips 0.4% to close at 3,328.160 points mainly as the two large banks closed lower and FIMBank lost further ground. Middlesea Insurance plc was this morning’s only positive performer as it managed to reverse most of yesterday’s declines. Download a copy of today’s Equity Market Summary . Meanwhile the Rizzo Farrugia MGS index edged 0.02% higher today to 976.631 points as the benchmark Eurozone yields marginally declined to 3.25%.
- HSBC’s share price reversed some of yesterday’s gains as it fell 0.3% to €2.95 over 7,675 shares. Further bids are now pitched at the €2.93 level with lowest offers placed at €2.96.
- Likewise, BOV fell 1.6% to €2.85 over five trades totalling 2,910 shares. The Bank is scheduled to publish its half-year results covering the six months to 31 March 2011 on Friday. Further bids remain at the closing price however lowest offers are placed higher at €2.90.
- FIMBank’s share price fell 1.1% to close at US$0.87 over larger volumes amounting to 60,870 shares. Last week, the FIMBank Group announced in a press release that it reached an agreement with the International Finance Corporation (IFC) and BISBANCO (a Brazilian Bank) to set up a new factoring joint venture in Brazil, BRASILFactors. BRASILFactors will be offering domestic and cross border factoring and complementary services to Brazilian corporates and small and medium enterprises (SMEs). Further details available here.
- GO’s equity continues to decline as it edged 0.7% lower to close at €1.39 after it touched a fresh all-time low of €1.389 mid-session. A total of 15,700 shares were exchanged across 8 trades. Other offers remain outstanding at €1.40 with best bids unsatisfied at €1.36. The equity turns ex-dividend as from 5 May.