MSE Review: HSBC's share price touches new 2010 low, recovers

The share price of HSBC Bank Malta plc touched a new intra-day 2010 low of €3.07 during this morning's trading session before recovering to close 0.3% higher at the €3.09 level. Volumes traded in HSBC remained low with just under 5,200 shares changing hands. Meanwhile BOV saw higher trading activity of 11,608 shares but the equity failed to hold on to yesterday's gains and closed the day 1.2% lower at €3.279.

Shortly after the closing of today's trading session Simonds Farsons Cisk plc published its results for the year ended 31 January 2010. The Preliminary Profit Statement shows a substantial improvement in pre-tax profits to €3.13 million despite a marginal decrease in Group turnover. The Directors recommended a final net dividend of €0.05 per share.

On the bond market, following the commencement of trading in the 6.8% Premier Capital plc bonds yesterday, the recently issued 6.2% International Hotel Investments plc 2017-20 bonds started trading today with only €2,600 (nominal) exchanged at the 100% level. Yesterday afternoon, Tumas Investments plc announced that that it has also submitted an application to the Listing Authority of the MFSA requesting the admissibility to listing of a proposed issue of €20,000,000 new bonds.

More information is available on www.rizzofarrugia.com