Daily Market Highlights (29.09.09)

  • MSE Share Index powered a further 2.7% higher to 3,140.299 points level as the two big banks’ equities rally. Simonds Farsons Cisk also trades sharply higher whilst GO closes minimally lower. Increased volumes in BOV and HSBC but subdued trading activity persists across the rest of the equities. Download a copy of today’s Equity Market Summary.
  • BOV in positive territory for the fourth consecutive session as demand intensifies. Share price rises a further 4.7% to a fresh 12-month high of €3.35 on volumes of 25,773 shares. Best bids in the market now at €3.30 with lowest offers expecting €3.39 for their shares. Tomorrow marks the end of BOV’s financial year with the results expected to be published by end October.
  • HSBC’s share price also increased for the second successive session as equity is buoyed by the positive sentiment surrounding BOV. Equity jumps 4.9% to regain the €2.80 level on increased volumes of 24,400 shares. Further offers in the market remain unsatisfied at the closing price with best bids now placed at €2.75.
  • Simonds Farsons Cisk trades 6.2% higher ahead of tomorrow’s interim results publication. A single trade of 840 shares transacted at the €1.699 level with best bids now at €1.61 with further offers remain unsatisfied at the last traded price.
  • GO closes minimally lower at the €1.579 level after recovering for the second time this week from an intra-day low of €1.50. Four trades amounting to 4,500 shares transacted this morning with further offers outstanding at the closing level.
  • The General Offering for the €25 million Melita Capital plc bonds issued at a coupon of 7.15% per annum with interest payable semi-annually opened yesterday. This follows the pre-placement stage which took place last Thursday. For further details on the new bond issue please click here.
  • Allocation policy in respect of the equity and bond offerings by Island Hotels Group Holdings plc, which closed early last week, have yet to be announced imminently.

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