Issue link: https://maltatoday.uberflip.com/i/1478289
8.9.2022 6 MARKETS Symbol Volume Value Trades High Low Open Closing Change Code Traded Traded Trades Price Price Price Price EQUITIES APS 86,500 56,756.13 8 0.665 0.650 0.660 0.665 0.005 BMIT 150,000 70,500.00 5 0.470 0.470 0.470 0.470 0.000 IHI 80,000 54,250.00 3 0.680 0.670 0.680 0.670 0.010 MIA 2,900 17,275.00 3 6.000 5.950 5.950 6.000 0.050 MMS 5,000 9,000.00 1 1.800 1.800 1.800 1.800 -0.010 SFC 2,700 20,250.00 2 7.500 7.500 7.500 7.500 0.300 GOVERNMENT STOCKS G29B 453,000 457,983.00 2 101.100 101.100 101.100 101.100 1.060 G30A 2,200 2,666.62 1 121.210 121.210 121.210 121.210 0.730 G39A 5,000 4,500.00 1 90.000 90.000 90.000 90.000 0.000 CORPORATE BONDS AX32A 10,000 10,048.00 2 100.480 100.480 100.480 100.480 0.480 DN33A 20,500 21,236.02 5 103.600 103.490 103.490 103.600 0.600 FR32A 20,000 20,000.00 2 100.000 100.000 100.000 100.000 0.000 GH27A 60,000 60,900.00 2 101.500 101.500 101.500 101.500 0.500 GO31A 35,600 35,742.40 4 100.400 100.400 100.400 100.400 0.000 HF27A 6,000 6,060.00 1 101.000 101.000 101.000 101.000 0.500 HF29A 10,000 9,850.00 1 98.500 98.500 98.500 98.500 1.490 IH26A 3,700 3,718.50 1 100.500 100.500 100.500 100.500 0.500 MR26A 1,000 1,000.00 1 100.000 100.000 100.000 100.000 -1.400 MY32A 72,900 74,505.20 3 102.400 101.950 101.950 102.400 0.400 ON34A 3,100 3,158.90 1 101.900 101.900 101.900 101.900 -0.100 PC26A 8,000 8,080.00 2 101.000 101.000 101.000 101.000 -0.490 SA32A 400 409.96 4 102.490 102.490 102.490 102.490 0.000 SH32A 9,000 8,820.00 2 98.000 98.000 98.000 98.000 2.000 SM31A 17,200 17,720.00 5 104.000 103.000 103.000 104.000 1.000 ST29A 10,000 10,100.00 1 101.000 101.000 101.000 101.000 0.990 TI24A 500 503.00 1 100.600 100.600 100.600 100.600 -1.400 VR27A 12,600 12,705.50 3 100.990 100.250 100.250 100.990 0.990 Malta Stock Exchange Regulated Main Market Trading Date: 7 Sep 2022 EU proposes limits on energy use during peak hours THE European Commission is proposing a mandatory reduc- tion in electricity use during peak hours as part of sweeping new measures to tackle the ener- gy crisis. Other measures include a price cap on energy companies who produce electricity through low carbon methods - such as renew- ables - but who have availed of artificially high revenues because of the price of gas, and a windfall tax on fossil fuel companies. Commission President Ursu- la von der Leyen told reporters: "We have to save electricity, but we have to save it in a smart way. "If you look at the costs of elec- tricity there are peak demands, and this is what is expensive, because in these peak demands expensive gas comes into the market. "So what we have to do is flat- ten the curve and avoid peak demands. We will propose a mandatory target for reducing electricity use at peak hours and we will work very closely with member states to achieve this." EU energy ministers will discuss the proposals at an emergency meeting in Brussels on Friday. President von der Leyen told reporters that a price cap would be imposed on the revenues of companies "producing electricity with low costs". She said "low carbon energy sources" were enjoying low costs but high prices on the market. is meant they were making revenues they had "never dreamt up". She said such "unexpected prof- its" would be channelled to mem- ber states to support vulnerable households and companies. President von der Leyen argued that such revenues could not be reinvested by low carbon energy producers because they did not reflect the costs of production. "So it is now time for the con- sumers to benefit from the low costs of low carbon sources. Like, for example, renewables," she said. She said there would also be a "solidarity contribution" from oil and gas companies which had made "massive profits". President von der Leyen said "all energy sources must help to overcome this crisis". "Member states should invest these revenues to…support vul- nerable households and vulnera- ble companies, but also to invest them in clean homegrown ener- gy sources." e Commission is also pro- posing liquidity support for en- ergy utility companies to ensure their ability to trade but also to ensure the future stability of the energy market. e final proposal will be a price cut on Russian gas. President von der Leyen said that while sanctions were "grind- ing deeply" into the Russian economy, it was being buffered by high fossil fuel revenues. "We must cut Russia's revenues which Putin uses to finance this atrocious war in Ukraine," she said. President von der Leyen said the EU had reduced its depend- ence on Russian gas from 40% at the beginning of the war to 9% today. "Over the last six months dur- ing this war we have very much increased our preparedness and we have weakened the grip that Russia has on our economy and our continent. "We have stopped Russian coal…, we are winding down Rus- sian oil, and we've been working very hard to diversify away from Russia towards other reliable suppliers, like the United States or Norway, Azerbaijan, Algeria and others. "Actually today, Norway is de- livering more gas to the Europe- an Union than Russia." FARSONS SFC ORD SHARES