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3.8.2023 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: 3 August 2023 Shock US debt downgrade sparks market sell-off in London and Europe LONDON'S FTSE 100 plummet- ed during opening exchanges on Wednesday after a top credit rat- ings agency slashed their outlook on the US's finances. e capital's premier index slumped 1.45 per cent to 7,554.54 points, while the domestically-fo- cused mid-cap FTSE 250 index, which is a better reflection of the health of the UK economy, fell just over one per cent to 18,864.18 points. It is not the first time credit ex- perts have soured on the world's largest economy's financial posi- tion. S&P Global Ratings just over a decade ago also revised down their judgement of the safety of the country's debt. Credit rating agencies use a tiered system to illustrate how likely they think a country is to repay its debts. eir assessments are closely watched by financial traders. Fitch said "repeated debt limit standoffs" prompted the decision. Back in June, US lawmakers after weeks and weeks of failed nego- tiations, voted to lift the cap on how much the government is able to borrow from $31.4 trillion. Without the agreement, there was a real risk the US would have failed to make good on some of its debt, likely sparking chaos in global financial markets. City traders seemingly absorbed Fitch's fresh judgement poorly, ditching London listed stocks. Just three stocks on the FTSE 100 were up in early trading. European shares also came un- der heavy fire. e pan-continen- tal Stoxx 600 shed 1.5 per cent, while Germany's Dax and France's Cac 40 nosedived 1.48 per cent and 1.34 per cent respectively. Housebuilder Taylor Wimpey, whose shares climbed more than two per cent, said in fresh results out this morning that pre-tax profit tilted 29 per cent lower to £237.7m in the first half of this year. Revenue has been clobbered by higher interest rates knocking de- mand in the housing market. e Bank of England is expected to back a 14th straight rate rise to- morrow. Among the worst performers today was online supermarket and middle class favourite Ocado, which shed 5.31 per cent, arrest- ing a strong rally that has pushed its share price up over 50 per cent so far this year. Lingering concerns about UK and global economic growth curbing sharply due to central banks keeping rates higher for longer is also likely to be dragging on risk sentiment. As a result, there is a chance that the final leg of earnings season undershoots analysts' expecta- tions. Pound sterling was up marginal- ly against the US dollar. Oil prices added 0.4 per cent. The capital's premier index slumped 1.45 per cent to 7,554.54 points, while the domestically-focused mid-cap FTSE 250 index, which is a better reflection of the health of the UK economy, fell just over one per cent to 18,864.18 points

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