Issue link: https://maltatoday.uberflip.com/i/299616
maltatoday, WEDNESDAY, 23 APRIL 2014 13 Business Today Money Market Report for the week ending April 18, 2014 The rates quoted above are against the EURO. YOUR FIRST CLICK OF THE DAY www.maltatoday.com.mt Regular market closed – 22/04/2014 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change Twap t BOV 14750 34884.200 8 2.370 2.350 2.370 2.369 -0.001 2.365 t FIM 4200 3349.320 4 0.820 0.766 0.800 0.820 -0.020 0.797 t GO 500 999.500 1 1.999 1.999 1.999 1.999 -0.001 1.999 t HSB 21550 51215.020 8 2.380 2.360 2.380 2.360 -0.020 2.377 s IHI 5500 4613.570 3 0.839 0.838 0.838 0.839 0.009 0.839 t MIA 1000 2240.000 1 2.240 2.240 2.240 2.240 -0.071 2.240 s MLT 2000 1082.000 2 0.550 0.540 0.540 0.550 0.010 0.541 t RS2 6426 15383.500 5 2.418 2.350 2.418 2.418 -0.002 2.394 t STUM 4425 8850.000 1 2.000 2.000 2.000 2.000 -0.200 2.000 t G17C 30000 32958.000 1 109.860 109.860 109.860 109.860 -0.110 109.860 t G17D 6000 6473.400 1 107.890 107.890 107.890 107.890 -0.130 107.890 s G19A 31540 38936.130 1 123.450 123.450 123.450 123.450 0.080 123.450 t G21A 5900 6894.150 1 116.850 116.850 116.850 116.850 -0.090 116.850 t G22B 225000 251617.500 4 111.830 111.830 111.830 111.830 -0.120 111.830 t G28A 20000 21940.000 1 109.700 109.700 109.700 109.700 0.450 109.700 s G28B 55500 59052.000 2 106.400 106.400 106.400 106.400 -0.030 106.400 s G29A 2800 3160.640 1 112.880 112.880 112.880 112.880 0.070 112.880 s G30A 141800 162187.380 4 114.450 114.210 114.210 114.450 0.260 114.380 s G31A 26000 29325.400 2 112.790 112.790 112.790 112.790 0.020 112.790 s G32A 21000 22171.000 3 105.990 105.200 105.200 105.200 0.070 105.580 l G32BA 83200 85630.620 6 102.960 102.700 102.960 102.950 0.000 102.920 s AX24A 9600 9960.000 2 103.750 103.750 103.750 103.750 -0.150 103.750 s BV19B 25000 25642.500 1 102.570 102.570 102.570 102.570 0.000 102.570 s MI14A 4659 4665.990 1 100.150 100.150 100.150 100.150 0.050 100.150 s MS23A 11400 11743.140 3 103.010 103.010 103.010 103.010 0.160 103.010 s TI20A 25000 26442.500 1 105.770 105.770 105.770 105.770 0.010 105.770 ECB Monetary Operations On Monday, April 14, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted on Tuesday, April 15, and attracted bids from euro area eligible counterparties of €112.17 billion, €7.55 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, April 15, the ECB conducted an auction for a seven-day fixed-term deposit intended to absorb €172.50 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, April 11. 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 €153.36 billion, with the ECB allotting the full amount. The marginal rate on the auction was set at 0.25%, with the weighted average rate at 0.23%. On Wednesday, April 16, 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 once again 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 92-day and 183- day bills maturing on July 18 and October 17, 2014, respectively. Bids of €24.60 million were submitted for the 92-day bills, with the Treasury accepting €12.60 million, while bids of €28.65 million were submitted for the 183-day bills, with the Treasury accepting €13.65 million. Since €36.00 million worth of bills matured during the week, the outstanding balance of Treasury bills decreased by €9.75 million, to stand at €372.95 million. The yield from the 92-day bill auction was 0.362%, i.e. 0.30 basis point lower than on bills with a similar tenor issued on April 11, 2014, representing a bid price of 99.9076 per 100 nominal. The yield from the 183-day bill auction was 0.666%, i.e. 0.40 basis point higher than on bills with a similar tenor issued on April 11, 2014, representing a bid price of 99.6626 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 July 25 and October 24, 2014, respectively.