Daily Market Highlights (27.10.09)

  • MSE Share Index today slides 1% to end the session at 3,109.997 points on increased volumes across most of the eight active equities. Drops in HSBC, IHI and MaltaPost outweighed increases in the share prices of BOV, GO and MIA. Meanwhile FIMBank and RS2 Software close unchanged. Download a copy of today’s Equity Market Summary.
  • BOV edges higher for the second consecutive session ahead of the Bank’s September 2009 full-year results publication next Friday 30 October. Share price climbs a further 0.9% to close at the €3.395 level after touching an intra-day high of €3.40. Nine trades amounting to 13,500 shares transacted this morning with best bids now in the market at €3.32 whilst further offers remain outstanding at the closing price.
  • Meanwhile HSBC closes in negative territory for the third successive session with a 2.2% decline to €2.69. Just over 9,000 shares exchanged today with best bids now at €2.66 and further offers remaining unsatisfied at the closing price.
  • IHI reverses yesterday’s rise to drop back to the €0.82 level on volumes of over 11,800 shares. Bids for 100 shares now placed at €0.80 with lowest offers in the market at the €0.86 level.
  • 8,000 MIA shares exchanged today at the €2.30 level, 4.6% higher then the previous close. A further 200 shares on offer at this level whilst best bids at €2.20.
  • GO edges 0.6% higher to end today’s session at the €1.63 level after recovering from an intra-day low of €1.60. Six trades amounting to 15,600 shares transacted during this morning’s. Last Friday, Forthnet (the Greek telecoms company in which GO and its parent company Emirates International Telecommunications Limited hold a 37.1% equity stake) informed investors that it had not submitted a binding offer for the purchase of Wind Hellas.
  • FIMBank closes unchanged at the US$1.14 level after recovering from a multi-year low of US$1.10 on volumes of 28,233 shares.
  • Single trades executed in MaltaPost and RS2 Software. The postal operator slumps 7% to €0.651 on volumes of 4,277 shares. Meanwhile 1,000 RS2 shares trade unchanged at the €0.62 level.
  • Last week, Mizzi Organisation Finance plc announced that it has formally submitted an application to the Listing Authority with respect to a proposed new €25 million bond issue. The Company indicated its intention to give preference to the existing Bondholders who are willing to surrender their current holding in favour of a holding in the new Bonds. In this respect, the Board of Directors announced that Bondholders as at the close of trading today will be entitled to this preferential treatment. Further details of announcement available here.

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