MaltaToday previous editions

maltatoday, WEDNESDAY, 19 MARCH 2014 13 BUSINESS & FINANCE Money Market Report for the week ending March 14, 2014 The rates quoted above are against the EURO. YOUR FIRST CLICK OF THE DAY www.maltatoday.com.mt Regular market closed – 18/03/2014 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change Twap t 6PM 7000 4928.120 3 0.710 0.700 0.700 0.710 -0.010 0.704 t BOV 28040 63061.560 14 2.250 2.248 2.250 2.248 -0.002 2.249 l CW 26315 21315.150 3 0.810 0.810 0.810 0.810 0.000 0.810 s FIM 4208 3543.140 1 0.842 0.842 0.842 0.842 0.002 0.842 s GO 12710 26263.250 5 2.090 2.060 2.070 2.090 0.015 2.066 t HSB 12396 30163.500 8 2.435 2.421 2.435 2.421 -0.010 2.433 t IHI 30000 25170.000 3 0.839 0.839 0.839 0.839 -0.041 0.839 l MDS 400 520.000 1 1.300 1.300 1.300 1.300 0.000 1.300 l MIA 36985 83282.250 8 2.280 2.250 2.280 2.250 0.000 2.252 l MLT 343 185.220 1 0.540 0.540 0.540 0.540 0.000 0.540 t SFC 2167 6459.330 2 2.990 2.970 2.970 2.990 -0.010 2.981 t G14C 9318 9441.000 1 101.320 101.320 101.320 101.320 -0.030 101.320 t G15B 34941 37680.360 4 107.840 107.840 107.840 107.840 -0.050 107.840 t G16A 20266 22590.510 1 111.470 111.470 111.470 111.470 -0.070 111.470 t G16B 22130 24316.440 2 109.880 109.880 109.880 109.880 -0.030 109.880 s G19C 4000 4192.800 1 104.820 104.820 104.820 104.820 0.080 104.820 t G22A 7454 8699.560 1 116.710 116.710 116.710 116.710 -0.020 116.710 t G23A 2330 2794.600 1 119.940 119.940 119.940 119.940 -0.670 119.940 s G24AA 22000 22176.000 1 100.800 100.800 100.800 100.800 0.550 100.800 t G28B 7800 8161.920 1 104.640 104.640 104.640 104.640 -0.150 104.640 t G31A 25000 27780.000 1 111.120 111.120 111.120 111.120 -0.150 111.120 s G32A 250000 259650.000 3 103.860 103.860 103.860 103.860 0.060 103.860 s G32BA 20000 20400.000 2 102.000 102.000 102.000 102.000 1.750 102.000 s AX24A 161800 168604.330 14 104.500 103.500 103.500 103.500 3.500 104.210 l EF20A 15200 15504.000 1 102.000 102.000 102.000 102.000 0.000 102.000 l HB17A 8619 8877.570 1 103.000 103.000 103.000 103.000 0.000 103.000 s IG19A 4000 4150.000 2 104.000 103.500 103.500 104.000 0.690 103.750 t MI17A 1000 1005.000 1 100.500 100.500 100.500 100.500 -1.600 100.500 l MI17B 10000 10395.000 1 103.950 103.950 103.950 103.950 0.000 103.950 ECB Monetary Operations On Monday, March 10, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted on Tuesday, March 11, and attracted bids from euro area eligible counterparties of €92.57 billion, €5.52 billion higher than the bid amount of the previous week. The amount was allotted in full at a fixed rate equivalent to the prevailing MRO rate of 0.25%, in accordance with current ECB policy. Also on Tuesday, March 11, the ECB conducted a special-term refinancing operation with a maturity of 28 days. This attracted bids of €7.52 billion, which was allotted in full at a fixed rate equivalent to the prevailing MRO rate of 0.25%, also in accordance with the current ECB policy. Furthermore on Tuesday, March 11, the ECB conducted an auction for a seven-day fixed-term deposit intended to absorb €175.50 billion. This operation was designed to sterilise the effect of purchases made under the Securities Markets Programme that were settled but had not yet matured by the previous Friday, March 7. The auction was carried out at a variable rate, with euro area eligible counterparties allowed to place up to four bids at a maximum rate of 0.25%. It attracted bids amounting to €219.08 billion, with the ECB allotting €175.50 billion, or 80.11% of the total bid amount. The marginal rate on the auction was set at 0.23%, with the weighted average rate at 0.21%. On Wednesday, March 12, the ECB conducted a seven-day US dollar funding operation through collateralised lending in conjunction with the US Federal Reserve. This operation was carried out at a fixed rate of 0.58% and did not attract bids from euro area eligible counterparties. Domestic Treasury Bill Market In the domestic primary market for Treasury bills, the Treasury invited tenders for 91-day bills maturing on June 13, 2014. Bids of €47.62 million were submitted for these bills, with the Treasury accepting €5.50 million. Since €5.00 million worth of bills matured during the week, the outstanding balance of Treasury bills increased by €0.50 million, to stand at €350.00 million. The yield from the 91-day bill auction was 0.379%, i.e. 1.10 basis points lower than on bills with a similar tenor issued on March 7, 2014, representing a bid price of 99.9043 per 100 nominal. During the week under review, there was no trading on the Malta Stock Exchange. On Tuesday the Treasury invited tenders for 91-day and 182-day bills maturing on June 20 and September 19, 2014, respectively.

• Cover