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14.9.2023 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: 13 September 2023 Saudi Arabia's production cuts threaten surge in oil price volatility, IEA warns OIL supply cuts by Saudi Ara- bia and Russia will create a "sig- nificant supply shortfall" and threaten a renewed surge in price volatility, the Internation- al Energy Agency warned. Global oil markets face a defi- cit of 1.2 million barrels a day during the second half of 2023 following last week's announce- ments by the OPEC+ leaders that they'll extend cutbacks to the end of the year, the agency said. It's smaller than projected last month, as a result of his- torical changes to demand es- timates, but still poses risks for consumers. Even if the two producers were to relax their curbs in early 2024, oil inventories will be se- verely depleted, leaving prices vulnerable to shocks, the IEA said. Brent futures climbed to 10-month high above $92 a bar- rel on Tuesday. "The market is really tight- ening in the second half of the year," Toril Bosoni, the head of the IEA's oil market divi- sion, said on Bloomberg TV on Wednesday. "Already in August we saw global oil inventories falling by a massive 75 million barrels, ac- cording to preliminary data." The Saudis and other OPEC+ nations regularly say their in- tervention is aimed at balancing markets, but the group's own data released on Tuesday point to an even bigger supply hole in the coming quarter of more than 3 million barrels a day — the largest in at least a decade. The OPEC+ coalition has given little explanation for its current strategy. "Oil stocks will be at uncom- fortably low levels, increasing the risk of another surge in volatility that would be in the interest of neither producers nor consumers, given the frag- ile economic environment," the IEA said. The agency advis- es major consuming countries such as the US. It's potentially a political issue for President Joe Biden, as he prepares for next year's reelec- tion campaign with voters still smarting from a period of high inflation and gasoline prices close to $4 a gallon. The IEA is concerned about the impact of high prices on the fragile global economy and the pace of mone- tary easing, Bosoni said. Tensions between the agency and the producers' group have flared in recent years, as the IEA slammed OPEC+ for squeezing consumers and Riyadh scorned the agency's projections for the transition away from fossil fuels.

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