Issue link: https://maltatoday.uberflip.com/i/319158
maltatoday, WEDNESDAY, 28 MAY 2014 11 Business Today Money Market Report for the week ending May 23, 2014 The rates quoted above are against the EURO. YOUR FIRST CLICK OF THE DAY www.maltatoday.com.mt Regular market closed – 27/05/2014 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change Twap t BOV 4748 10086.370 4 2.130 2.120 2.130 2.120 -0.010 2.124 t FIM 18500 13949.370 4 0.770 0.750 0.770 0.750 -0.020 0.754 s HSB 5200 10968.200 3 2.110 2.091 2.110 2.091 0.001 2.109 t MIA 4000 8995.200 3 2.280 2.240 2.280 2.240 -0.040 2.249 l MLT 250000 137500.000 3 0.550 0.550 0.550 0.550 0.000 0.550 t TML 1000 520.000 1 0.520 0.520 0.520 0.520 -0.005 0.520 t G14C 138189 138821.870 5 100.460 100.450 100.460 100.450 -0.040 100.460 s G15A 9319 9834.110 2 105.530 105.520 105.520 105.530 0.010 105.530 l G15B 176571 188895.650 12 106.980 106.980 106.980 106.980 0.000 106.980 s G15F 255000 266902.500 2 104.670 104.550 104.550 104.670 0.130 104.670 s G16A 98873 109432.640 4 110.680 110.680 110.680 110.680 0.010 110.680 s G17C 580000 641596.000 7 110.620 110.620 110.620 110.620 0.030 110.620 s G18A 25624 32265.740 3 125.920 125.920 125.920 125.920 0.050 125.920 s G19A 4950 6162.750 1 124.500 124.500 124.500 124.500 0.120 124.500 s G19C 10000 10648.000 1 106.480 106.480 106.480 106.480 0.100 106.480 s G20B 58000 66647.800 3 114.910 114.910 114.910 114.910 0.120 114.910 s G21A 20000 23566.000 1 117.830 117.830 117.830 117.830 0.100 117.830 s G22A 4950 5864.270 1 118.470 118.470 118.470 118.470 0.020 118.470 s G22B 446000 502052.950 19 112.640 112.500 112.500 112.640 0.060 112.570 s G23A 23294 28390.730 1 121.880 121.880 121.880 121.880 0.040 121.880 t G28A 347200 384553.040 10 110.820 110.500 110.500 110.780 -0.130 110.760 t G28B 2331900 2503097.530 47 107.380 107.250 107.250 107.350 -0.130 107.340 t G29A 64500 73701.600 3 114.330 114.000 114.000 114.330 -0.120 114.270 t G30A 232900 268689.390 7 115.370 115.350 115.350 115.370 -0.200 115.370 t G31A 423500 481815.950 12 113.770 113.770 113.770 113.770 -0.210 113.770 t G32A 598400 634304.000 26 106.000 106.000 106.000 106.000 -0.250 106.000 t G32BA 3116900 3220302.910 51 103.500 103.200 103.500 103.330 -0.200 103.320 l BV18A 18000 18900.000 1 105.000 105.000 105.000 105.000 0.000 105.000 l BV19A 15400 16247.000 3 105.500 105.500 105.500 105.500 0.000 105.500 s BV19B 5000 5128.500 1 102.570 102.570 102.570 102.570 0.010 102.570 t BV20A 12900 13348.000 2 103.610 103.000 103.610 103.000 -5.500 103.470 l HB18A 10000 10801.000 1 108.010 108.010 108.010 108.010 0.000 108.010 t MO19A 10000 10551.000 1 105.510 105.510 105.510 105.510 0.010 105.510 ECB Monetary Operations On Monday, May 19, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted on Tuesday, May 20, and attracted bids from euro area eligible counterparties of €131.96 billion, €5.35 billion lower 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, May 20, the ECB conducted an auction for a seven- day fixed-term deposit intended to absorb €167.50 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, May 16. 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 €137.47 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 0.24%. On Wednesday, May 21, the ECB conducted an eight-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 0.59% 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 91-day and 182-day bills maturing on August 22 and November 21, 2014, respectively. Bids of €14.40 million were submitted for the 91-day bills, with the Treasury accepting none of the bids, while bids of €41.50 million were submitted for the 182-day bills, with the Treasury accepting €6.00 million. Since €6.00 million worth of bills matured during the week, the outstanding balance of Treasury bills remained unchanged at €361.37 million. The yield from the 182-day bill auction was 0.623%, i.e. 2.7 basis points lower than on bills with a similar tenor issued on May 9, 2014, representing a bid price of 99.6860 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 bills maturing on August 29, 2014.