Daily Market Highlights (28.07.10)

  • MSE Share Index sheds a further 0.2% to close at 3,515.478 points as declines in HSBC and Middlesea offset the marginal increase in BOV. Meanwhile IHI and MaltaPost close unchanged. Download a copy of today’s Equity Market Summary.
  • BOV edges 0.1% higher to regain the €3.269 level on increased activity amounting to 27,170 shares. Further bids outstanding at the close price with lowest offers now pitched at the €3.27 level.
  • Meanwhile HSBC sheds 0.6% to drop back to the €2.962 level across six trades totalling 6,700 shares. Best bids now at €2.961 whilst lowest offers still pitched at the €2.98 level.
  • IHI well supported at the €0.89 level with lowest offers now placed at the €1.00 level. 20,000 shares change hands today across two trades. This afternoon IHI announced that the Extraordinary General Meeting to approve the 1 for 25 bonus issue announced during last week’s AGM will be held on 27 August.
  • Middlesea edges 0.8% lower to €1.14 on a single trade of 1,300 shares while MaltaPost maintains its 2010 high of €0.90.
  • This morning Plaza Centres published its 2010 interim results. During the first six months of the year, the Company’s turnover increased by 2.3% to €1 million resulting in a marginal increase in pre-tax profit to €416,539. Occupancy levels for the period declined to 92% which the Directors expect to recover during the fourth quarter of the year. Further details on the results announcement available here. Results fail to generate any trades today with bids already placed minimally higher than the last closing price of €1.52 whilst lowest offers still in the market at the €1.64 level.
  • Last Monday, Crimsonwing published its full-year results. Copy of the Annual Report available here. The IT Group also issued its Interim Directors’ Statement covering the first quarter of the first financial year. Further details on the Interim Directors’ Statement available here.
  • Pricing of the 2 new fixed rate Malta Government Stocks expected to be published tomorrow afternoon. The Treasury last week announced 2 new issues  for a total aggregate amount of €100 million subject to an over-allotment option of up to a further €50 million. The 2 new stocks are the 3.75% MGS 2015 (VI) (Fungible Issue) and the 5.25% MGS 2030 (I) (Fungible Issue). Prices for these stocks will be published on Thursday 29 July. The Treasury is also offering €30 million in a new fungible stock linked to the 6-month Euribor. Further details on the new Stocks and copies of the Prospectuses available here.

Comments are closed.