Daily Market Highlights (28.06.10)

  • Local equity market in negative territory for the fifth consecutive session. MSE Share Index slips minimally lower this morning as continued decline in the share price of the two big banks offset the recoveries registered in GO, FIMBank and Crimsonwing. Download a copy of today’s Equity Market Summary.
  • Further to last week’s 3.4% drop, BOV’s share price slumps an additional 1.3% to drop back to the €3.10 level – just above its 2010 low of €3.096. Eight trades amounting to 9,400 shares executed today with best bids now at €3.09 whilst lowest offers pitched at the €3.11 level.
  • HSBC also suffers further declines following last week’s 1.1% decrease. Equity touches an intra-day low of €2.821 before marginally recovering to close at €2.83, representing a 0.4% drop from last week’s close. Over 13,300 shares exchanged today.
  • FIMBank‘s share price up 4% to US$1.04 across three trades amounting to 15,000 shares. Best bids still in the market at US$0.95 whilst few other offers remain unsatisfied at the closing price.
  • GO’s share price also moves 2.7% higher to close at the €1.90 level. A single trade of 2,585 shares exchanged today with lowest offers now placed at the €1.93 level.
  • A single trade of 2,200 Crimsonwing shares transacted at the equity’s 2010 high €0.46 representing a 4.6% increase over the previous close. Crimsonwing recently announced that one of its existing clients increased its commitments through a new 3-year contract valued at €3 million per year.
  • The Malta Stock Exchange today announced that the recently issued Izola Bank plc secured notes maturing in 2015 have been admitted to the official list. Trading in these notes is expected to commence as from next Wednesday 30 June. Fact sheet of the Izola Bank plc secured notes available here.
  • Following last week’s early closure of subscriptions with respect to the 6.2% Tumas Investments plc bond issue, the allocation policy is expected to announced within the next few days.

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