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15.9.2022 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: 14 Sep 2022 US markets seen higher on Wednesday THE lead index remained close to session lows at midday on Wednesday. At 12.25pm the blue chip index was trading 71 points lower at 7,315 with the FTSE 250 down 168 points at 19,000. US stocks were expected to open higher on Wednesday, as some of the disappointment after yesterday's smaller-than-expect- ed softening in the headline US CPI inflation rate ebbs away. Still, fears that inflation has yet to respond to the US Federal Re- serve's successive interest rate hikes remain intact and share price gains are expected to be limited. Futures for the Dow Jones In- dustrial Average were trading 0.4% higher pre-market, while those for the broader S&P 500 index added 0.5%, and futures for the tech-laden Nasdaq-100 were 0.6% higher. US CPI data for August, re- leased on Tuesday, proved a huge disappointment as investors had hoped the figures would indicate that price pressures had peaked. e disappointing data led to a slump in share prices, but the worst of the selling may be over going by pre-market activity. e headline US inflation rate came in at 8.3% in August, low- er than the 8.5% recorded in July but still above the 8.1% figure expected. Closer examination of the data also revealed worrying elements with food price infla- tion jumping higher to 11.4% from 10.9% in July. "Plus, the core inflation, which doesn't take into account the volatile food and energy prices accelerated faster than expected to 6.3%, whereas the expecta- tion was a slight rise from 5.9% to 6.1%," said Ipek Ozkardeskaya senior analyst at Swissquote Bank. "It's needless to say that the hope of seeing a dovish pivot re- garding the Federal Reserve (Fed) policy is clearly dashed, " she said, adding that activity in Fed funds futures indicates a 100% chance of a 75- basis point rate hike at the Federal Open Market Committee's meeting next week and a 34% chance of a 100 basis point increase." e Federal Reserve has hiked interest rates steadily and aggres- sively throughout the year. A 75- basis point hike this month, will be the third such increase this year as rate setters seek to tame inflation. e US benchmark rate is seen hitting 4.3% in early 2023. "And the chatter of a possi- ble rail strike in the US - which would send another supply chain shock throughout the econo- my - is a fresh factor that could prevent inflation from falling this month, and adds to the hawkish Fed expectations," Ozkardeskaya said. Looking ahead, US producer prices, wholesale inflation data, due at 8.30am ET today, will also give a snapshot of price pressures in the pipeline. e headline fig- ure is expected to show a soften- ing to 8.8% in August from 9.9% the previous month. A sufficiently soft figure could go some way to assuage mar- ket fears but will hardly reverse the gloomy mood, noted Ozk- ardeskaya. FARSONS SFC ORD SHARES

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