Daily Market Highlights (29.01.10)

  • MSE Share Index slips lower for the fifth consecutive session to close the week 1.9% lower after registering gains for seven successive weeks. This morning the Index declined by 0.4% to 3,846.91 points mainly due to the 1.7% drop in BOV. MIA, Middlesea, Crimsonwing and 6pm also traded lower whilst GO and GlobalCapital moved higher. Download a copy of today’s Equity Market Summary.
  • BOV wipes out yesterday’s gains as the share price slips by 1.7% today to close the week at the €3.40 level. Over 38,700 shares change hands today with best bids now at €3.35 and further offers outstanding at the closing price. Equity closes this week 4.2% lower on continued profit-taking.
  • Meanwhile HSBC closes unchanged at the €3.90 level after easing from an intra-day day high of €3.935. Low trading activity in HSBC shares today with only 5,350 shares changing hands this morning. Further offers at the last trading price whilst best bids placed substantially lower at the €3.75 level. The Bank also ended the week lower with a 2.5% decline. HSBC is shortly expected to publish its 2009 full-year results and declare a final dividend to shareholders.
  • GO edges marginally higher to close at the €2.28 level – just below its recent high of €2.285. Only two trades totalling 2,000 shares executed today following yesterday’s heavy volumes.
  • MIA’s share price eases by 0.3% to end the week 6.6% higher at the €3.09 level. A further 7,000 shares change hands today. MIA’s share price has been among the top performers in recent weeks in anticipation of a return to growth in passengers. During a press conference held last week, MIA’s CEO Julian Jaeger announced that the Company is forecasting a 2.8% growth in passenger movements for 2010 based on the new routes which will be operated by Easyjet, Ryanair, BMI and Norwegian. The CEO also confirmed that passenger movements declined by 6.1% in 2009 when compared to the previous years. This represents an improvement from the 2009 forecast of a 6.8% decline in passengers. Further details of 2009 statistics available here.
  • Middlesea shaves a further 0.7% off its share price to drop back to €0.859 on miniscule volumes of only 700 shares. Offers already placed lower at €0.85 with best bids in the market at the €0.82 level.
  • GlobalCapital on the rise for the second consecutive session. Share price jumps a further 4.8% to the €1.887 level on two trades amounting to 1,350 shares. Equity ends the week 11% higher following last week’s 13.3% rise.
  • 6pm Holdings active for the first time this year. 2 trades effected at an all-time low of GBP0.30 during the intial stages of today’s session, representing a 55.2% decline from the previous close. However, a miniscule trade during the last minute of today’s session effected at GBP0.48 helped the equity recover a large part of the earlier losses. 6pm’s share price still closes the day 28.4% lower.
  • Crimsonwing also sheds 4.2% to €0.41 on a single trade of just 2,000 shares.
  • This morning Datatrak Holdings held its 2009 Annual General Meeting. Apart from approving the customary resolutions, shareholders also supported the change in the company name from Datatrak Holdings plc to Loqus Holdings plc. Equity inactive today but closed the week 21.9% higher as renewed demand lifted the share price from €0.16 to a 13-month high of €0.195.

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