Daily Market Highlights (28.01.10)

  • Local equity market trades lower for the fourth consecutive session. MSE Share Index marginally lower at 3,863.203 as HSBC’s 0.9% drop offsets increases in the share prices of BOV and GlobalCapital. Download a copy of today’s Equity Market Summary.
  • HSBC continues to slip but volumes decline to just 3,400 shares. Share price falls 0.9% back to the €3.90 level with further bids in the market at the closing price whilst lowest offers of only 208 shares pitched at the €3.939 level. Despite the downturn in the last four sessions, the equity is still 20.7% higher than the €3.23 level at the end of 2009. The Bank is shortly expected to publish its 2009 full-year results and declare a final dividend.
  • Meanwhile, BOV recovers some of yesterday’s decline as the share price rises 1.2% to €3.46. Declining volumes also in BOV as 9,596 shares change hands during this morning’s session. Best bids still at €3.42 whilst further offers remain outstanding at the last trading price.
  • GO holds on to the €2.275 level after recovering from an intra-day low of €2.20 in the last moments of today’s session. High volumes of over 56,000 shares traded today with best bids now at the €2.20 level whilst few other offers remain unsatisfied at the closing price.
  • MIA also closes unchanged at its 17-month high of €3.10 as fresh bids helped the equity recover from an intra-day low of €3.089. Low volumes persist in this equity with only 3,225 shares exchanged today. Last week, the airport operator published its 2009 traffic statistics and the 2010 forecast. During a press conference, MIA CEO Julian Jaeger announced a 6.1% yearly decline in passenger movements in 2009 when compared to 2008. This represents an improvement from the 2009 forecast of a 6.8% decline in passenger movements provided by the company in July 2009. Moreover Mr. Jaeger announced that the Company is forecasting a 2.8% growth in passenger movements for 2010 based on the new routes for 2010 which will be operated by Easyjet, Ryanair, BMI and Norwegian. Further details of the statistics available here.
  • A single trade of 5,000 Grand Harbour Marina shares trade unchanged at the €1.90 level. Best bids now placed at €1.88 whilst further offers outstanding at the closing price. On Monday the Company announced details of a €10million, 10-year bond issue carrying a coupon of 7%. Further details on the bond issue available here.
  • FIMBank trades unchanged at the US$1.18 level on volumes of over 14,000 shares. Supply emerging at the closing price whilst best bids now pitched at the US$1.14 level. The trade specialist is scheduled to publish its full-year results on 16 March 2010.
  • Thin trades persist in Lombard shares. Equity minimally declines to the €3.119 level on a single trade of just 2,000 shares. The Bank is scheduled to publish its 2009 full-year results on 11 March 2010.
  • GlobalCapital jumps a further 5.9% to regain the €1.80 level on three trades amounting to 2,500 shares.
  • Medserv trades unchanged at the €4.25 level on a single trade of 3,000 shares. No demand in sight whilst lowest offers pitched at the €4.39 level.
  • Datatrak jumps 21.9% to a fresh 13-month high of €0.195 ahead of tomorrow’s Annual General Meeting. 2,300 shares changed hands today. During tomorrow’s AGM, shareholders will be asked to approve a number of resolutions including a change in name to Loqus Holdings plc.

Comments are closed.