Issue link: https://maltatoday.uberflip.com/i/1434006
2.12.2021 6 MARKETS Symbol Volume Value Trades High Low Open Closing Change Code Traded Traded Trades Price Price Price Price EQUITIES BOV 5,000 4,325.00 2 0.865 0.865 0.865 0.865 0.015 FIM 114,992 32,247.76 10 0.290 0.280 0.290 0.280 -0.010 HSB 14,954 12,382.74 4 0.840 0.810 0.830 0.840 0.010 MIA 2,000 11,600.00 2 5.800 5.800 5.800 5.800 0.000 MPC 600 327.43 3 0.550 0.540 0.540 0.550 -0.010 MTP 385 458.15 1 1.190 1.190 1.190 1.190 -0.010 PG 7,974 19,297.08 1 2.420 2.420 2.420 2.420 0.000 TML 2,000 1,400.00 1 0.700 0.700 0.700 0.700 0.000 VBL 5,000 1,500.00 1 0.300 0.300 0.300 0.300 0.000 GOVERNMENT STOCKS G39A 125,900 146,493.50 3 116.500 115.500 115.500 116.000 2.570 G40A 23,000 29,759.70 1 129.390 129.390 129.390 129.390 0.440 CORPORATE BONDS B1923A 12,500 12,875.00 2 103.000 103.000 103.000 103.000 -1.300 AX24A 5,200 5,377.25 2 103.500 103.310 103.500 103.310 -1.690 AX29A 24,500 24,500.00 2 100.000 100.000 100.000 100.000 0.000 BV30B 12,000 12,210.00 1 101.750 101.750 101.750 101.750 0.000 CB33A 5,000 4,999.50 1 99.990 99.990 99.990 99.990 -0.010 CC30A 5,000 5,150.00 1 103.000 103.000 103.000 103.000 0.990 DF26A 5,000 5,000.00 1 100.000 100.000 100.000 100.000 0.000 DN33A 15,000 15,262.50 2 101.750 101.750 101.750 101.750 0.000 HF29A 10,000 10,000.00 1 100.000 100.000 100.000 100.000 0.000 HP25A 6,500 6,662.50 3 102.500 102.500 102.500 102.500 0.500 IB25A 5,000 5,150.00 1 103.000 103.000 103.000 103.000 0.000 IH24A 5,000 5,156.25 2 103.250 103.000 103.250 103.000 0.000 IH25A 12,300 12,607.50 1 102.500 102.500 102.500 102.500 0.000 MM26A 5,000 5,125.00 3 102.500 102.500 102.500 102.500 0.000 MR26A 1,000 1,000.10 1 100.010 100.010 100.010 100.010 0.000 MY27A 18,000 18,290.00 3 102.000 101.300 102.000 101.300 -0.700 PC26A 59,000 60,298.00 3 102.200 102.200 102.200 102.200 -1.050 SH32A 20,000 19,999.67 4 100.000 99.990 99.990 100.000 0.010 ST27A 42,000 42,909.80 4 102.530 101.500 102.530 101.500 -1.020 VR27A 41,000 42,430.90 1 103.490 103.490 103.490 103.490 -0.010 Malta Stock Exchange Reguated Main Market Trading Date: 1 December 2021 Wall Street strategists see more gains in 2022 THE S&P 500 will gain 7.5% be- tween now and the end of 2022 to finish at 4,910, driven by earnings and economic growth that will extend this year's rally, according to the median prediction in a Reu- ters poll of strategists. ose upbeat forecasts come even as growing concerns about the effect of a new coronavirus variant cloud the picture for the near term, with Wall Street falling sharply on Tuesday, partly on con- cerns about the Omicron variant. Yet the S&P 500 (.SPX) remains up over 21% in 2021, benefitting from an economy reopening from pandemic lockdowns. For 2022, the benchmark S&P 500 will gain 7.5% from Tuesday's close of 4,567 to end the year at 4,910, according to the median forecast of 45 strategists polled by Reuters over the last two weeks. at forecast is higher than the 4,725 in the late August Reuters poll, although many of the latest forecasts for 2022 were given be- fore the Omicron news. "Next year is going to slow a little bit, but it's still going to be strong- er than trend" for the economy, and that's likely to extend the bull market, said Ryan Detrick, chief market strategist at LPL Financial, which has a 5,050 year-end 2022 target on the S&P 500. Based on the poll, the Dow Jones industrial average (.DJI) will finish next year at 37,500, up about 8.7% from Tuesday's close. While profit growth for 2022 is expected to be well below the blowout growth seen this year when businesses bounced back from the start of the pandemic, some strategists think consensus views may be underestimating strength. "Analysts are still going to be behind the eight ball," Brian Bel- ski, chief investment strategist at BMO Capital Markets, said this week in a virtual chat for his year- ahead outlook. He forecasts the S&P 500 will end 2022 at 5,300. Strategists in the poll mostly saw earnings expectations improving rather than worsening over the next six months. Higher costs from supply chain disruptions and labor prompted warnings from companies in the recent earnings season, but many companies so far have been able to pass costs on to consumers. Wall Street analysts expect S&P 500 earnings to grow 7.9% in 2022, compared with an estimated 49.3% growth in 2021, according to I/B/E/S data from Refinitiv. Many strategists in the poll, however, viewed a correction or pullback in the S&P 500 in the next six months as likely. Among the latest reasons for concern, Federal Reserve Chair Jerome Powell signaled Tuesday the U.S. central bank would con- sider speeding up its withdrawal of bond purchases as inflation risks increase. Earlier this month, the Fed began reducing its purchases of Treasur- ies and mortgage-backed securi- ties at a pace that would put it on track to complete the wind-down by mid-2022. e program was in- troduced in early 2020 to ease the economy through the pandemic. Savita Subramanian, equity & quant strategist at BofA Securi- ties, told investors in a year-ahead video presentation this week that focus within the large-cap space should be on companies "with more stable and growing divi- dends that will benefit, rather than be hurt from, inflation." "We like energy and financials for inflation-protected dividends," she said. BofA has a 4,600 year- end target on the S&P 500 for 2022. BOV ORD SHARES - ISIN MT0000020116 EU Economy Commissioner Paolo Gentiloni