Daily Market Highlights (27.10.10)

  • Local equity market in positive territory for the third successive session. MSE Share Index advances by another 0.2% to 3,368.082 points as BOV, HSBC and MIA trade higher. Meanwhile GO eased minimally lower whilst MaltaPost closes unchanged after touching a new 2010 high. Download a copy of today’s Equity Market Summary.
  • For the second time this week, the Central Bank of Malta Stockbroker reduced its bid prices for Malta Government Stocks as the 10-year Eurozone benchmark yield rose to the 2.58% level. Yesterday the Treasury 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 the subscription period will take place between 8 and 10 November. Further details available here.
  • Sustained demand for BOV shares ahead of the Bank’s full-year results next Friday 29 October. Equity close in positive territory for the sixth consecutive session. During today’s session share price rises by a further 0.6% to regain the €3.30 level across ten trades totalling 6,750 shares.
  • Further interest also for MIA shares as the share price for the airport operator climbs another 0.6% this morning to close at a 29-month high of €1.66 across three trades amounting to 1,000 shares. Offers already placed lower at €1.649 whilst best bids still in the market at the €1.605 level.
  • HSBC share price also closes higher today with a gain of 0.2% to €2.80. 5,350 shares transacted today with further offers unsatisfied at the closing price whilst best bids pitched at the €2.79 level.
  • MaltaPost failed to hold on to a new 2010 high of €0.93 as equity closes at the €0.92 level. Just under 4,000 shares change hands today with further bids outstanding at the last traded price and no offers available in the market.
  • GO’s equity eases minimally lower to €1.869 on volumes of 3,600 shares. Further offers unsatisfied at the closing price whilst best bids placed at the €1.83 level.
  • This afternoon, FIMBank plc announced that it received over 2,100 applications with a total value of almost €33 million equivalent. Interest on the bonds starts accruing from 1 November whilst the bonds will be listed on the Official List of the Malta Stock Exchange by not later than 11 November.

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