Issue link: https://maltatoday.uberflip.com/i/1468112
19.5.2022 6 MARKETS Symbol Volume Value Trades High Low Open Closing Change Code Traded Traded Trades Price Price Price Price EQUITIES BOV 16,000 14,472.16 5 0.910 0.900 0.905 0.910 0.010 GO 1,600 5,024.00 2 3.140 3.140 3.140 3.140 0.000 HSB 4,850 3,834.50 3 0.820 0.790 0.790 0.820 0.005 MIA 15,000 87,000.00 2 5.800 5.800 5.800 5.800 0.000 MLT 14,950 10,913.50 2 0.730 0.730 0.730 0.730 0.000 MTP 5,000 5,250.00 1 1.050 1.050 1.050 1.050 -0.040 RS2 750 1,210.04 3 1.660 1.580 1.580 1.660 0.010 GOVERNMENT STOCKS G28B 100,000 118,200.00 3 118.200 118.200 118.200 118.200 0.310 G32A 10,000 12,470.00 1 124.700 124.700 124.700 124.700 0.450 G33A 5,000 6,125.00 1 122.500 122.500 122.500 122.500 0.160 G34A 5,000 6,087.50 1 121.750 121.750 121.750 121.750 0.240 G40A 10,800 11,793.60 2 109.200 109.200 109.200 109.200 0.670 CORPORATE BONDS AX29A 17,400 17,399.57 5 100.000 99.990 100.000 100.000 0.000 BV30B 20,000 19,699.30 3 98.500 98.490 98.490 98.500 0.010 GO31A 73,500 73,540.61 4 100.300 100.020 100.300 100.030 -1.370 GP26A 25,000 25,187.50 1 100.750 100.750 100.750 100.750 0.000 HD26A 2,000 2,039.80 1 101.990 101.990 101.990 101.990 2.190 HF27A 20,600 20,628.00 4 100.500 100.000 100.000 100.500 0.500 HF28A 2,000 1,999.80 1 99.990 99.990 99.990 99.990 0.490 HF29A 17,000 16,898.00 2 99.400 99.400 99.400 99.400 0.400 HM24A 2,000 2,060.00 1 103.000 103.000 103.000 103.000 0.000 HP25A 3,000 3,045.00 1 101.500 101.500 101.500 101.500 0.000 IH24A 15,200 15,422.04 2 101.500 100.010 101.500 100.010 -2.080 IH26B 5,600 5,599.44 1 99.990 99.990 99.990 99.990 0.000 MI22A 15,000 15,000.00 3 100.000 100.000 100.000 100.000 1.000 MI23A 5,200 5,200.00 1 100.000 100.000 100.000 100.000 1.990 MO31A 125,000 125,000.00 3 100.000 100.000 100.000 100.000 0.250 PC26A 3,100 3,131.00 1 101.000 101.000 101.000 101.000 0.000 PH28A 45,000 45,000.00 1 100.000 100.000 100.000 100.000 0.000 SD27A 4,900 4,924.50 1 100.500 100.500 100.500 100.500 0.000 SF27A 24,700 25,194.00 3 102.000 102.000 102.000 102.000 0.000 TI27A 10,000 10,000.00 2 100.000 100.000 100.000 100.000 0.000 VR27A 10,000 10,008.80 2 100.090 100.070 100.090 100.070 -0.020 Malta Stock Exchange Regulated Main Market Trading Date: 18 May 2022 UK inflation jumps to highest since records began UK consumer price inflation hit 9% in April, which is the highest since current records began, ac- cording to new data from the Of- fice for National Statistics, up from 7.0% in March. e ONS calculated that the con- sumer price index (CPI) was likely to be the highest since 1982 and, although it was not as high as the 9.1% expected, retail price infla- tion (RPI) crashed into double– digits at 11.1%. Underlying core CPI inflation, which excluded energy, food, al- cohol and tobacco, rose to a new 30-year high of 6.2% for April, as expected, versus 5.7% previously. Inflation continued to run much higher than UK wage growth, which excluding bonuses, rose by 4.2% in the three months to March, meaning real wage growth remains negative. e rise in headline CPI was mostly driven by higher energy prices, the ONS said, which rose by 46.5% on the month, with elec- tricity up 40.5% and gas 66.8% higher as the Ofgem price cap was increased. is "heaps more misery on households and highlights the pressure on the Bank of England to keep raising interest rates", said Paul Dales at Capital Economics, who predicted rates will be raised from 1.00% now to 3.00% next year. e rise in core inflation was driven by gains in recreation/cul- ture prices and restaurant/hotels inflation, which was in part due to businesses passing on higher prod- uct and wage costs and some were due to the reversal of the govern- ment's pandemic temporary cut to VAT for the hospitality sector. "A lot of these moves are being driven by domestic factors as well as global ones," said Dales. Kallum Pickering, an economist at Berenberg, called the surge in the figures "eyewatering", with CPI jumping by a huge 2.5% from month-to-month, more than the 2% annual change the Bank of Eng- land targets. "e inflation surge is mainly due to a combination of the glob- al supply chain dislocations which emerged during the recovery from the pandemic and recent com- modity market disruptions linked to Russia's invasion of Ukraine," he said. Pickering said with inflation in line with the BoE's latest estimate, it "should not change its near-term reaction function or guidance" and so Berenberg continues to expect two more 25 basis points hikes this year. As the CPI surge is driven by the externally-driven rise in energy prices, he said BoE policymakers "are likely to be less worried by the latest data than some headlines may suggest". On its own, Pickering said the data seemed to support the case for the BoE to start other policy tightening measures, namely ac- tively selling gilts, in August "at a reasonably fast pace of perhaps £4bn per month". 3.8% HLF 2029 e rampant inflation "heaps more misery on households and highlights the pressure on the Bank of England to keep raising interest rates", said one economist