Issue link: https://maltatoday.uberflip.com/i/585489
maltatoday, WEDNESDAY, 14 OctObEr 2015 12 Business Today Regular market closed – 13/10/2015 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change t BOV 8,376 19,778.660 7 2.365 2.360 2.365 2.364 -0.006 t HSB 51,579 94,262.520 8 1.830 1.810 1.830 1.830 -0.015 t IHI 172 135.880 2 0.790 0.790 0.790 0.790 -0.005 l MDS 300 928.500 1 3.095 3.095 3.095 3.095 0.000 s MTP 2,806 4,969.430 1 1.771 1.771 1.771 1.771 0.021 l SFC 500 2,982.500 2 6.000 5.950 5.950 6.000 0.000 t G16A 18,636 19,185.760 3 102.950 102.950 102.950 102.950 -0.050 t G16B 3,495 3,680.240 1 105.300 105.300 105.300 105.300 -0.020 s G21A 900,000 1,115,998.110 6 124.000 123.870 123.870 124.000 0.300 s G22A 677,000 859,925.400 1 127.020 127.020 127.020 127.020 0.140 s G22B 1,507,500 1,827,994.200 3 121.260 121.240 121.240 121.260 0.190 s G28A 4,600 6,130.420 1 133.270 133.270 133.270 133.270 0.820 s G28B 1,200 1,558.920 1 129.910 129.910 129.910 129.910 0.500 s G30A 230,000 322,299.000 1 140.130 140.130 140.130 140.130 0.460 s G31A 10,000 14,035.000 1 140.350 140.350 140.350 140.350 0.120 s G32A 3,000 4,020.000 1 134.000 134.000 134.000 134.000 0.560 s G40A 76,100 82,465.650 6 108.450 108.010 108.010 108.450 0.680 l AX24A 900 1,030.500 1 114.500 114.500 114.500 114.500 0.000 s GC16A 50,500 48,468.600 7 96.000 95.900 95.900 96.000 0.120 l HM24A 11,000 11,770.000 2 107.000 107.000 107.000 107.000 0.000 t IH20A 10,600 11,124.000 3 105.000 104.000 105.000 105.000 -0.300 l IH25A 39,000 42,899.930 4 110.000 109.990 109.990 110.000 0.000 t MI17A 2,500 2,475.000 1 99.000 99.000 99.000 99.000 -1.000 l MI20A 24,300 25,758.000 3 106.000 106.000 106.000 106.000 0.000 l MI21A 4,000 4,036.000 1 100.900 100.900 100.900 100.900 0.000 t PC20A 1,000 1,060.000 1 106.000 106.000 106.000 106.000 -2.000 s PT24A 32,000 35,354.000 2 110.500 110.250 110.250 110.500 0.500 t TI24A 3,100 3,394.200 2 109.500 109.400 109.400 109.500 -1.310 Market Summary as at October 13, 2015 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 73 Volume Traded ................................................................. 3,674,164 Value of € denominated securities .................................... 4,567,720.420 Value of US$ denominated securities ................................ 0.000 Value of GBP£ denominated securities .............................. 0.000 Current Index ................................................................... 4,332.481 Previous Index ................................................................. 4,343.249 Change in Index (%) ......................................................... -0.248% 6pm Holdings plc ......................... 0.700 0.00% Malta International Airport plc ....... 3.880 0.00% Bank of Valletta plc ....................... 2.364 -0.25% MaltaPost plc ................................. 1.771 1.20% FIMBank plc ................................. 0.451 0.00% Medserv plc .................................. 3.095 0.00% GlobalCapital plc ........................... 0.750 0.00% Mapfre Middlesea plc .................... 2.170 0.00% GO plc ........................................... 3.459 0.00% MIDI plc ........................................ 0.360 0.00% Grand Harbour Marina plc ............. 1.000 0.00% Plaza Centres plc ........................... 0.980 0.00% HSBC Bank Malta plc ..................... 1.830 -0.81% RS2 Software plc ........................... 2.490 0.00% International Hotel Investments plc 0.790 -0.63% Simonds Farsons Cisk plc .............. 6.000 0.00% Island Hotels Group Holdings plc .. 1.101 0.00% Tigné Mall plc ............................... 0.910 0.00% Lombard Bank Malta plc ............... 2.220 0.00% Pefaco International plc ................ 2.190 0.00% Malita Investments plc .................. 0.880 0.00% Santumas Shareholdings plc ........ 2.000 0.00% MSE Index TTIP: Showing the way to a more effective and responsible EU trade policy T he Transatlantic Trade and Investment Partner- ship (TTIP) between the European Union and the United States is the most hotly debated trade negotiation in re- cent memory. Many people all across Europe have expressed hope about the benefits of closer ties with our largest commercial partner. Many are also concerned, however, about the poten- tial impact of the agreement on ques- tions like food safety and environment regulation or the delivery of public services like health or education. The European Commission, which leads international trade negotiations on behalf of the 28 EU members, is engaging closely with this debate, online and in person, taking on board suggestions and criticisms. For example, we have opened up the negotiations to public scrutiny by putting the EU's proposals online. We have also outlined a deeply reformed approach to the sensitive issue of how best to protect investments. TTIP is just one part of the European Union's trade policy, which today includes work on more than 20 agreements with more than 60 countries. But the TTIP debate has lessons for our overall approach. Today, as we launch a new overall trade and investment strategy for the European Union, we are putting those lessons into practice, by focusing on the principles of effectiveness and responsibility. Effectiveness means a trade policy that promotes growth and jobs for the benefit of as many Europeans as possible. One of the questions that has arisen in the context of the TTIP debate is, "Who is EU trade policy actually for?" We have to be clear that trade policy is for all – consumers, workers and smaller firms, alongside the big global players. Trade is a source of employment. Today, the jobs of over 30 million European workers depend on our exports. That's one in every seven. In Malta that figure is 37,000 jobs – that's one in every five. Europe's open trade policy also lowers prices and broadens choice for consumers. And SMEs make up a third of Europe's exports. But we need to do more to make sure that trade policy more effectively benefits as many people as possible. We have to follow up on trade deals, monitoring changes in prices and choice to make sure that benefits are passed onto consumers. We need to make sure that small and medium sized enterprises have all the information on new opportunities they need to seize the opportunities trade deals provide. And we need to make sure that in the small number of cases where European workers do lose out to international competition, they have resources to help them retrain and find new jobs. The new approach will devote more resources to all three. But none of this matters if we don't have high quality trade agreements that effectively create new economic opportunities. That means tackling the trade barriers of today. For example, we should make sure EU firms can sell digital services around the world and that our technicians can travel abroad when they need to install or maintain high tech products like wind turbines. It also means making connections to the world's most important economies. The new strategy makes clear that concluding the Doha Round of multilateral trade talks, TTIP, our free trade agreement with Japan and our investment agreement with China are priorities. It also announces our intention – if and when the conditions are right – to open talks with countries like Australia, New Zealand, the Philippines and Indonesia. With Mexico, Chile and our close partner Turkey we want to bring our existing deals up to date. But if the TTIP debate shows us anything it's that Europeans believe trade is about more than economic effectiveness. They are right. That's why the new trade strategy also puts responsibility – the idea that trade should be fully consistent with our European values – at the centre of our work. Trade policy must support the choices Europeans make as a society. The new trade strategy makes the pledge that no trade agreement will undermine EU regulatory standards. Any change to the level of protection linked to a trade agreement can only be upward. It also outlines the EU's new approach to rules on protecting international investments, an approach that guarantees the right of governments to regulate in the public interest. The new strategy also puts greater focus on transparency of trade negotiations. Over the coming weeks and months we will be releasing EU negotiating texts from many more ongoing trade negotiations to the public. Several will be on our website as of today. Responsibility also means that trade should be used as a political lever to promote European – and universal – values around the world. That's why we are proposing that all new EU trade deals include ambitious provisions to crack down on corruption. We will also intensify dialogue with the developing countries where EU trade preferences can have the most influence to fight against human rights breaches. Moreover, when global supply chains are as closely integrated as they are today, consumers want reassurances that the products they buy were made in fair working conditions and without harming the environment. We already use trade agreements to encourage our partners to sign up to and implement international conventions on labour rights and the environment, covering issues from gender discrimination at the workplace to endangered species. EU trade deals also support the economic development of the world's poorest countries. Under the new strategy we will maintain this focus and go further, for example by prioritising our work on the abolition of child labour. In TTIP in particular we plan for our trade and sustainable development rules to go beyond anything the US or the EU has done before. For example, we want to cover the rights for workers to organise, to strike and be consulted. We also want to address issues linked to global supply chains such as occupational health and safety, a living wage, decent hours of work and pressing environmental problems like illegal and unsustainable logging, fishing or poaching. Europeans know that trade can help improve our standards of living. The TTIP debate has shown that they also want to be sure that gains are not at the cost of our values and identity. This new strategy marries both objectives, showing an effective and responsible way forward that promotes principles alongside prosperity. Cecilia Malmström is European Commissioner for Trade Cecilia Malmström We have to be clear that trade policy is for all – consumers, workers and smaller firms, alongside the big global players