MediaToday Newspapers Latest Editions

8.2.2024 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: 7 February 2024 EU Court overturns Covid-19 state aid decision for Dutch carrier KLM THE European Union's sec- ond-highest court overturned a decision that granted KLM Royal Dutch Airlines state aid at the height of the pandemic in a case brought forward by low- cost carrier Ryanair, saying that Air France and Air France-KLM may have benefited from Dutch support. The General Court of the Eu- ropean Union on Wednesday said that the European Com- mission, the EU's executive arm, had committed an error by excluding Air France and Air France-KLM from the list of po- tential beneficiaries of state aid. KLM is part of carrier group Air France-KLM, whose shares were down more than 4% after the ruling. "It concludes, on that basis, that the Air France-KLM hold- ing and Air France were capable of benefiting, at least indirectly, from the advantage granted by the state aid in question," the court said. Governments scrambled to rescue carriers when travel re- strictions and border closures brought international traffic to a near standstill at the height of the pandemic, with many air- lines receiving billions in state- backed loans. In 2020, the commission ap- proved Dutch state aid of 3.4 billion euros ($3.66 billion) for KLM. The airline in 2022 said it was repaying the final portion of loans it received from the Dutch government and banks, noting that it had borrowed just EUR942 million from the EUR3.4 billion credit facility. The decision marks "another historic win" for Ryanair against state subsidies to European flag carriers, according to Oswell & Vahida, the law firm that rep- resented the airline. Last year, the General Court overturned a similar decision from the com- mission to approve Germany's recapitalization of Deutsche Lufthansa, though the company said at the time that it had al- ready repaid the state. A Ryanair spokesperson said the court's intervention is a "triumph for fair competition" and consumers across the EU, urging the bloc to take steps to repair at least some of the dam- age to competition it said was caused by Dutch state aid. "The EU Commission's spine- less approach to state aid since the beginning of the Covid-19 crisis allowed member states to write open-ended cheques to their inefficient zombie flag carriers in the name of faded national prestige," the spokes- person said. A spokesperson for the com- mission said the body would carefully study Wednesday's ruling and reflect on possible next steps. The decision from the Gener- al Court can be appealed to the EU's highest court, the Europe- an Court of Justice.

• Cover