Heightened activity in Medserv shares

 

The MSE Equity Price Index advanced by a further 0.1% to 3,598.448 points as the gains in four companies offset the drops in GO and MedservRegis. Meanwhile, MIA and Farsons traded unchanged as overall volumes surged to €0.79 million. Download today’s Equity Market Summary.

MedservRegis plc plunged by 14.6% to the €0.70 level on robust volumes totalling 1,000,000 shares having a market value of €0.7 million.

The other negative performing equity today was GO plc with a drop of 2% to the €2.92 level across 2,905 shares.

Also among the large companies by market value, the ordinary shares of RS2 Software plc rallied by 5.5% to recapture the €1.35 level on 51,201 shares. Yesterday, RS2 announced a 1 for 8 bonus share issue to all shareholders (ordinary and preference) as at close of trading on Wednesday 2 November.

A single deal of 4,000 shares lifted the share price of BMIT Technologies plc 3.6% higher to the €0.466 level.

APS Bank plc rebounded by 2.5% to the €0.61 level across 9,585 shares.

Malta Properties Company plc advanced by 0.4% back to the €0.50 level on 4,498 shares.

Meanwhile, Malta International Airport plc and Simonds Farsons Cisk plc traded flat at €5.90 and €7.55 respectively albeit on light volumes.

The RF MGS Index erased some of yesterday’s decline as it rebounded by 0.02% to 865.212 points. In the US, expectations are mounting that Joe Biden will announce the further release of strategic oil reserves with a view of taming inflationary pressures. Elsewhere, Russian President Vladimir Putin introduced martial law in the four regions of Ukraine that Russia annexed last month.

 

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.