Issue link: https://maltatoday.uberflip.com/i/1504102
20.7.2023 6 MARKETS Symbol Volume Value Trades High Low Open Closing Change Code Traded Traded Trades Price Price Price Price EQUITIES APS 7,526 4,515.60 1 0.600 0.600 0.600 0.600 0.000 BMIT 135,625 58,318.75 5 0.430 0.430 0.430 0.430 0.000 BOV 73,352 81,346.38 7 1.130 1.090 1.110 1.130 0.040 GO 9,400 27,778.00 4 2.960 2.940 2.960 2.940 0.000 HLI 1,800 410.40 1 0.228 0.228 0.228 0.228 0.000 HSB 109,863 119,750.67 4 1.090 1.090 1.090 1.090 0.000 MIA 19,973 108,882.85 4 5.500 5.450 5.500 5.450 0.000 PG 83,900 161,386.52 7 1.940 1.920 1.920 1.940 0.020 CORPORATE STOCKS G32G 10,000 10,365.00 1 103.650 103.650 103.650 103.650 -0.580 G34A 58,400 60,718.48 1 103.970 103.970 103.970 103.970 -1.030 G40A 216,000 192,302.18 7 99.000 88.280 98.000 88.280 -2.220 G43AA 25,000 24,835.00 1 99.340 99.340 99.340 99.340 -0.910 CORPORATE BONDS AX24A 25,000 25,250.00 1 101.000 101.000 101.000 101.000 0.990 AX29A 4,300 4,203.25 1 97.750 97.750 97.750 97.750 -0.200 BB33A 8,500 8,712.50 1 102.500 102.500 102.500 102.500 0.500 BV30B 27,200 24,147.46 8 89.200 88.500 88.510 89.200 1.190 CE33A 10,100 10,100.00 1 100.000 100.000 100.000 100.000 0.000 DF26A 20,000 20,000.00 1 100.000 100.000 100.000 100.000 0.010 HF28A 5,000 4,675.50 1 93.510 93.510 93.510 93.510 0.010 IB32A 10,000 10,000.00 1 100.000 100.000 100.000 100.000 0.000 IH26A 13,500 13,600.65 3 100.750 100.740 100.740 100.750 0.000 IH31A 4,000 3,720.00 1 93.000 93.000 93.000 93.000 0.000 JD32A 9,100 9,044.35 2 99.850 99.010 99.850 99.010 -0.840 MI23A 9,000 8,998.35 2 100.000 99.970 99.970 100.000 0.800 MP32A 5,000 4,970.00 1 99.400 99.400 99.400 99.400 -0.100 ON34A 16,000 15,360.00 2 96.000 96.000 96.000 96.000 -2.000 SF27A 10,000 10,000.00 1 100.000 100.000 100.000 100.000 0.700 SP29A 3,000 2,970.00 1 99.000 99.000 99.000 99.000 0.000 ST27A 33,000 33,000.00 4 100.000 100.000 100.000 100.000 0.000 VR27A 300 289.50 1 96.500 96.500 96.500 96.500 -2.400 Malta Stock Exchange Regulated Main Market Trading Date: 19 July 2023 FTSE 100 surges higher after UK inflation softens THE rally for the FTSE 250 has topped 520 points, a 2.9% gain to 16,162 - the biggest gain in five months. "Boom! We've just seen the strongest daily movement in UK mid cap stocks since February, with the FTSE 250 index initially jumping 3% on news of inflation cooling more than expected in June," says Danni Hewson, head of financial analysis at AJ Bell. She points out that the FTSE 100's positive move is less pro- nounced than its less heralded sibling because the blue-chip in- dex has less exposure to the UK economy. "e inflation reading has damp- ened the outlook for interest rate hikes in the UK, much to the ex- citement of investors. Two-year gilts fell from 5.079% to 4.842%, sterling fell 0.7% to $1.2937 in the space of 20 minutes and interest rate-sensitive stocks soared on the news." However, she had some dampen- ing words to add, observing that there have been "plenty of false dawns over the past year regard- ing the 'pivot' and analysing trends means looking at multiple data points over many months. "Yes, inflation is now much low- er than at the start of the year, but June's 7.9% reading is still con- siderably higher than the Bank of England's 2% target. at means further rate hikes cannot be ruled out. "Nevertheless, stock markets are all about anticipating what will happen next. A further decline in inflation for July could really get the ball rolling for UK equities and lift them out of the mud. While the FTSE 250 is in party mode today, the rally only puts the index back to levels last seen in June." e FTSE 100 meanwhile has also had a second wind, now hav- ing jumped 119 points or 1.6% to 7,573. Credit Suisse job cuts on the horizon e culling at Credit Suisse shows no signs of abating, with in- vestment bankers in London told 80 jobs will be cut by the end of July. Credit Suisse, which is in the process of integrating its business with UBS, plans to cut roughly a third of its London investment banking staff. Sources familiar with the matter, cited in website Financial News, said around 17 of those sackings will be managing directors. UK to help pay for Tata battery gigafactory Good news for the UK car sector (and for Somerset) as Jaguar Land Rover's owner has announced it will build an electric vehicle bat- tery factory in the UK, having secured hundreds of millions in government funding. Some £4bn will be invested into the new 40GWh site in Bridgewa- ter, Somerset, which is expected to create around 9,000 jobs and begin supplying power units from 2026. Prime minister Rishi Sunak was moved to comment, saying the move is a "huge vote of confi- dence in Britain" meanwhile, after rumours had circulated that the plant would be built in mainland Europe.