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6.10.2022 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: 5 Oct 2022 GBP/EUR wavers amid troubling PMI data THE Pound (GBP) failed to find much demand on Wednesday in the wake of final services PMI data. Avoiding a contraction in the services sector lent some modest support to Sterling. A higher revised services PMI of 50 prevented a contraction in the sector that accounts for 78% of to- tal economic output for the UK. With a preliminary reading of 49.2, the service sector looked to drop for the first time since Feb- ruary 2021. But, despite avoiding a contraction, a stalling of ser- vices still concerns investors. 50 is also the lowest reading in 19 months. Tim Moore, Economics Director at S&P Global Market Intelligence, said: 'September data highlighted an absence of growth in the UK ser- vice sector for the first time in 19 months as the energy crisis con- tinued to hit business and con- sumer spending. 'Severe pressure on budgets in the wake of rising inflation, along- side deepening worries about the economic outlook, also led to a reversal in new order volumes for the first time since February 2021.' Meanwhile, Prime Minister Liz Truss spoke at the Conservative Party conference. In an attempt to repair her waning authority, Truss is hoping to unite the divided Tory party in the wake of the market meltdown over the mini-budget. No new announcements are ex- pected, but any further comments on fiscal policy could impact GBP investors, and the Pound. Providing some modicum of support to Sterling is the release of the long-awaited medium-term fiscal plan. Despite Chancellor Kwasi Kwarteng and Truss both saying the report will not be ready until November, the Treasury has confirmed that the release date will be pushed forward. Econom- ic forecasts for the UK, also set to detail the funding for the mi- ni-budget, could calm investors' concerns. Euro (EUR) Muted on Downbeat PMI Data Meanwhile, the Euro (EUR) remained under pressure on Wednesday as PMIs across the Euro area pointed to contractions in the service sector. In Germany, Europe's biggest economy, the service PMI was revised lower to 45, a third con- secutive month of contraction. Not only the sharpest drop since May 2020, the decline in the ser- vice sector was also the fastest since the financial crisis of 2008. Inflationary pressures and bleak economic outlook were the main culprits in the fall. Elsewhere, the Eurozone ser- vices PMI also confirmed a con- traction. Slightly below the pre- liminary reading of 48.9, a 48.8 for September showed the sharp- est decline in 18 months. Jessica Hinds of Capital Economics said of the data: 'e final euro zone PMIs for September suggested that price pressures in the region are not yet starting to ease, even as activity appears to be in decline. 'We think some economies, in- cluding Germany, are already contracting and expect the euro zone as a whole to fall into reces- sion in Q4.' GBP/EUR Exchange Rate Forecast: Domestic Woes to Weigh on Sterling? Looking ahead, the Pound Euro exchange rate could see further movement on the back of domes- tic troubles in the UK. A lack of data could leave both the Pound and Euro exposed to market sen- timent. FARSONS SFC ORD SHARES

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