Financial news
23 December 2009 14:29
 A pretty flat picture at Garrison Chapel
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| During the last session of the week, for the fourth consecutive time, the local market closed marginally higher as it gained 0.003% to finish at 3443.56 points. · On another positive note the shares of GlobalCapital p.l.c. continued marching on. The share price increased €3c0 to read €1.28 across 1,420 shares. At the end of trading, bids for 480 shares stood at €1.28, whereas the best offer for 2,100 shares stood at €1.35 · The shares of Medsev p.l.c. had the best performance of the day. The share price gained €5c0 at €4.25 across a low turnover of 580 shares. · On the banking front, a mixed session was witnessed. The share price of Bank of Valletta p.l.c. registered a decline of €0c1 to settle at the €3.799 level across 18,510 shares. Meanwhile, the shares of HSBC Bank Malta p.l.c. and Lombard Bank Malta p.l.c. closed unchanged at €3.235 and €2.97 respectively. · Elsewhere, Middlesea Insurance p.l.c. and GO p.l.c. traded €0c6 and €0c1 lower to settle at the €0.79 and €2.109 respectively. The total volume between these two equities amounted to 36,342 shares. On Tuesday 22nd December, Middlesea Insurance p.l.c. announced that, pursuant to the Rights Issue made to the prospectus dated 20th November 2009, the New Ordinary Shares were admitted to listing on the Official List of the MSE. Trading in the said Ordinary Shares will commence on the 23rd December 2009. · MaltaPost p.l.c. traded sideways without affecting their previous session close at €0.72 across 2,000 shares. U.K. - Market News & Gossip · On an otherwise slow business news day the FT highlights how Britain has posted its worst post war recession as the revised Q3 GDP numbers of 0.25 set UK output down 6.03% from last year. · Beijing Automotive has bought car designs from GM’s Saab unit as it looks to cut the development time of its own brand passenger vehicles. · The French government has ordered military vehicles from BAE Systems, reportedly ahead of comparable vehicles made by Thales. · The CFO of Allianz states that he expects an even tougher year in 2010, stating he was not sure that the financial crisis was really over. · Lufthansa is in the news as pilot’s state that they may strike in February after a round of wage talks failed. U.S. - Market News & Gossip · The major political focus remains the government medical insurance program that would help the elderly and disabled stay in their homes, as the more criticised government run medical coverage plan was dropped from the bill. · Research in Motion is in the news as users of its Blackberry device in both North and South America had system outages yesterday, making the latest in a series of system issues for the smart phone maker. · US movie studios are in the news as expectations are that it will end 2010 with US box office totals ahead of $10bn for the first time. · Wal-Mart states midday that it is to continue its deep price savings into the days after Christmas. |
More Financial news
MSE Index ends in negative terrain
Shares of Middlesea Insurance p.l.c. extend rally
Four gainers recorded at Garrison Chapel
Major banking stocks extend rally
MSE Index continues to gain
HSBC Bank Malta p.l.c. takes the podium
MSI p.l.c. shares in the spotlight again
Middlesea insurance shares extend rally
MSE Index ends the session marginally higher
Local market starts 2010 on a positive note
A pretty flat picture at Garrison Chapel
Local market remains in positive terrain
Four gainers recorded
A positive day at Garrison Chapel
Main banking stocks register a decline