Harvest Technology share price drops to all-time low

 

The MSE Equity Price Index moved 0.38% lower to 3,758.649 points as the declines in BOV and Harvest outweighed the gain in MPC. Meanwhile GO remained unchanged as overall trading activity fell to the lowest level in four months with just over €12,000 worth of shares changing hands. Download today’s Equity Market Summary.

Harvest Technology plc dropped by 2.8% to an all-time low of €1.40 on 3,400 shares.

Bank of Valletta plc fell by 2.8% to the €0.855 level after failing to hold on to an intraday high of €0.88 on three trades totalling 3,758 shares. Last week, BOV declared a net interim dividend of €0.01716 per share. Subject to regulatory approval, the dividend will be paid on 28 January 2022 to all shareholders as at close of trading on 11 January 2022.

Malta Properties Company plc was the only positive performing equity today as it gained 1% to the €0.53 level albeit on trivial volumes.

Elsewhere, GO plc remained at the €3.26 level after recovering from an intraday low of €2.24 (-0.6%) across 1,137 shares.

The RF MGS Index eased by 0.14% to 1,094.239 points as the US Federal Reserve is expected to announce a quicker tapering of its bond buying programme later this evening. Meanwhile in the eurozone, inflation in Spain and Italy accelerated at the fastest pace in several years to 5.5% and 3.7% respectively in November.

Yesterday, Hili Properties plc announced that it received applications for a total of 100,892,700 shares (representing 25.17% of the total issued share capital of the company) in respect of the recent offer of up to 185,185,185 new ordinary shares. All applications were met in full. The company’s shares (amounting to 400,892,700 shares) are expected to be admitted to the Official List of the Malta Stock Exchange on 21 December 2021 whilst trading may commence from 22 December 2021.

 

This report contains public information only and is not to be construed as investment advice or an offer to buy or sell any securities. Information contained herein is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data.  Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Rizzo, Farrugia & Co. (Stockbrokers) Limited is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange.