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20.4.2023 6 MARKETS Symbol Volume Value Trades High Low Open Closing Change Code Traded Traded Trades Price Price Price Price EQUITIES GO 10 27.80 1 2.780 2.780 2.780 2.780 0.000 HSB 1,000 740.00 1 0.740 0.740 0.740 0.740 0.000 MIA 150 840.00 1 5.600 5.600 5.600 5.600 -0.050 PG 290 603.20 1 2.080 2.080 2.080 2.080 0.000 CORPORATE STOCKS G32GA 147,600 155,108.40 6 105.120 105.000 105.000 105.120 0.120 CORPORATE BONDS AX26A 3,000 2,565.30 1 85.510 85.510 85.510 85.510 -9.490 BV30B 11,100 9,990.00 1 90.000 90.000 90.000 90.000 -2.000 DF26A 15,000 14,999.00 2 100.000 99.990 99.990 100.000 0.050 GH27A 25,000 24,375.00 2 97.500 97.500 97.500 97.500 0.000 HF27A 7,100 6,851.50 2 96.500 96.500 96.500 96.500 -1.350 HF28A 4,300 3,810.23 1 88.610 88.610 88.610 88.610 -7.390 HP25A 15,200 15,184.80 2 99.900 99.900 99.900 99.900 0.050 IB32A 15,000 14,895.00 2 99.900 99.000 99.000 99.900 0.900 IH25A 3,000 3,030.00 1 101.000 101.000 101.000 101.000 -1.000 IH26B 4,100 4,017.59 1 97.990 97.990 97.990 97.990 -0.010 MO31A 5,000 4,711.50 2 94.250 94.000 94.000 94.250 0.250 26A 15,000 14,400.00 1 96.000 96.000 96.000 96.000 -0.500 MY32A 4,600 4,473.50 1 97.250 97.250 97.250 97.250 0.000 PC26A 5,000 4,779.30 2 95.600 95.500 95.600 95.500 -2.000 SD27A 18,000 17,280.00 2 96.000 96.000 96.000 96.000 0.000 SF27A 13,400 12,745.00 4 96.000 92.500 96.000 92.500 2.490 ST27A 19,000 18,675.00 4 99.500 97.500 97.500 99.500 2.000 TG26A 5,600 5,488.00 1 98.000 98.000 98.000 98.000 0.000 TI27A 5,000 4,550.00 1 91.000 91.000 91.000 91.000 -8.000 Malta Stock Exchange Regulated Main Market Trading Date: 19 Apr Mar 2023 Wall Street ends little changed as J&J, Goldman disappoint THE S&P 500 ended little changed yesterday after a mixed performance from megacap stocks and disappointing quar- terly reports from Johnson & Johnson and Goldman Sachs as first-quarter earnings season kicked into gear. J&J shares fell after the health- care conglomerate cautioned in- vestors over the lingering impact of inflation-driven costs this year. Goldman shares dropped after the Wall Street firm's prof- it fell 19 per cent as dealmaking and bond trading slumped. The early quarterly results from S&P 500 companies come as investors have been bracing for a gloomy reporting season, fearing the economy may be on the cusp of a downturn. "What we are seeing here is the calm before the storm as far as earnings go," said Brad McMil- lan, chief investment officer of Commonwealth Financial Net- work. "The market is just trying to see, do we have some upside here or not, and I think it is really going to come down to earnings over the next couple of weeks." According to preliminary data, the S&P 500 gained 3.45 points, or 0.08 per cent, to end at 4,154.77 points, while the Nas- daq Composite lost 4.31 points, or 0.04 per cent, to 12,153.41. The Dow Jones Industrial Aver- age fell 9.46 points, or 0.03 per cent, to 33,977.72. The CBOE Volatility index, also known as Wall Street's fear gauge, fell to its lowest point since January 2022 during the session. Gains in shares of Nvidia Corp helped support the S&P 500 and Nasdaq after HSBC raised its recommendation on the graph- ics chipmaker to "buy" from "re- duce." S&P 500 company earnings are expected to have declined 4.8 per cent in the first quarter from a year earlier, according to Refinitiv IBES data as of Fri- day. Investors have zeroed in on bank results after the failure of Silicon Valley Bank last month set off concerns about potential systemic risks. "While the big money centre banks did very well as a whole, the focus I think is going to be on the regional banks because that is really where the centre of the fallout was," said Paul Nolte, senior wealth advisor and mar- ket strategist at Murphy & Syl- vest Wealth Management. The S&P 500 is trading near two-month highs as investors await a deluge of earnings and assess the interest rate path ahead of an expected 25 basis point increase at the Federal Reserve's meeting early next month. St. Louis Federal Reserve Pres- ident James Bullard told Reuters yesterday the US central bank should continue raising rates on the back of recent data showing persistent inflation. Separately, Atlanta Fed President Raphael Bostic said the Fed most likely has one more rate hike ahead. In other earnings news, Lock- heed Martin Corp's shares rose after the US weapons maker's first-quarter results surpassed Wall Street targets despite parts and labour shortages.

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