Issue link: https://maltatoday.uberflip.com/i/700383
maltatoday, WEDNESDAY, 6 JULY 2016 12 Regular market closed – 5/7/2016 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change ▲ BOV 8,950 20,135.01 4 2.250 2.249 2.249 2.250 0.001 ● HSB 6,923 11,076.80 2 1.600 1.600 1.600 1.600 0.000 ● IHI 1,100 770.00 1 0.700 0.700 0.700 0.700 0.000 ● MIA 7,400 31,450.00 7 4.250 4.250 4.250 4.250 0.000 ▲ MPC 30,000 15,422.40 3 0.520 0.508 0.520 0.508 0.001 ▼ RS2 9,960 21,346.90 8 2.150 2.130 2.149 2.130 -0.019 ▼ G16B 25,624 26,098.04 2 101.850 101.850 101.850 101.850 -0.020 ▼ G17C 6,300 6,655.95 2 105.650 105.650 105.650 105.650 -0.010 ▼ G18A 15,647 18,111.40 3 115.750 115.750 115.750 115.750 -0.030 ▲ G19A 11,000 13,272.60 1 120.660 120.660 120.660 120.660 0.080 ▲ G19C 5,000 5,474.00 2 109.480 109.480 109.480 109.480 0.020 ▲ G20A 23,989 28,803.59 2 120.070 120.070 120.070 120.070 0.140 ▲ G21A 29,118 36,240.26 3 124.460 124.460 124.460 124.460 0.030 ▲ G22A 6,989 9,003.23 2 128.820 128.820 128.820 128.820 0.060 ▲ G22B 20,500 25,272.40 2 123.280 123.280 123.280 123.280 0.050 ▲ G24A 20,000 24,058.00 1 120.290 120.290 120.290 120.290 0.660 ▲ G28A 35,000 48,891.50 1 139.690 139.690 139.690 139.690 0.090 ▼ G29B 160,000 177,790.80 14 111.220 111.000 111.000 111.000 -0.070 ▲ G30A 25,000 37,000.00 5 148.000 148.000 148.000 148.000 0.020 ▼ G31A 43,500 64,833.05 2 149.080 149.030 149.080 149.030 -0.080 ▼ G32B 17,500 24,403.75 3 139.450 139.450 139.450 139.450 -0.040 ▼ G33A 15,000 20,626.50 1 137.510 137.510 137.510 137.510 -0.120 ▼ G34A 89,000 119,452.20 5 134.380 134.180 134.380 134.180 -0.250 ▼ G36A 390,900 417,466.07 22 106.930 106.730 106.880 106.730 -0.150 ▼ G40A 276,400 312,293.57 18 113.100 112.910 113.000 112.910 -0.120 ▲ 6PM25 5,000 5,550.00 1 111.000 111.000 111.000 111.000 0.500 ▲ AX24A 5,700 6,167.40 1 108.200 108.200 108.200 108.200 0.100 ▼ BV18A 10,000 10,580.00 2 105.800 105.800 105.800 105.800 -0.200 ▲ BV19A 26,500 27,984.00 1 105.600 105.600 105.600 105.600 0.010 ▼ CF19A 8,000 8,080.00 1 101.000 101.000 101.000 101.000 -0.490 ▲ HP25A 10,400 11,261.40 4 108.500 107.900 107.900 108.500 0.150 ▲ IH20A 16,000 16,416.00 1 102.600 102.600 102.600 102.600 0.050 ▼ IH21A 10,000 10,375.00 1 103.750 103.750 103.750 103.750 -0.260 ▲ IH25A 14,000 15,180.50 5 108.500 108.000 108.000 108.500 0.600 ● MB24A 45,000 47,812.50 3 106.250 106.250 106.250 106.250 0.000 ▼ MO19A 4,500 4,545.45 1 101.010 101.010 101.010 101.010 -0.090 ● MS26A 120,000 125,981.00 2 104.990 104.980 104.980 104.990 0.000 ● PT24A 29,200 31,331.60 3 107.300 107.300 107.300 107.300 0.000 Market Summary as at July 5, 2016 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 142 Volume Traded ................................................................. 1,585,100 Value of € denominated securities .................................... 1,524,160 Value of US$ denominated securities ................................ - Value of GBP£ denominated securities .............................. - Current Index ................................................................... 4,573.332 Previous Index ................................................................. 4,576.114 Change in Index (%) ......................................................... -0.061 6pm Holdings plc .......................... 0.950 0.00% MaltaPost plc ................................. 1.990 0.00% Bank of Valletta plc ........................ 2.250 0.04% Medserv plc .................................. 1.792 0.00% FIMBank plc .................................. 0.950 0.00% Mapfre Middlesea plc .................... 2.400 0.00% GlobalCapital plc ........................... 0.499 0.00% MIDI plc ........................................ 0.380 0.00% GO plc ........................................... 2.860 0.00% Plaza Centres plc ........................... 1.070 0.00% Grand Harbour Marina plc ............. 0.900 0.00% RS2 Software plc............................ 2.130 -0.88% HSBC Bank Malta plc ..................... 1.600 0.00% Simonds Farsons Cisk plc ............... 6.280 0.00% International Hotel Investments plc 0.700 0.00% Tigné Mall plc ................................ 1.050 0.00% Island Hotels Group Holdings plc ... 1.101 0.00% Pefaco International plc ................. 2.240 0.00% Lombard Bank Malta plc ................ 2.140 0.00% Santumas Shareholdings plc ......... 2.350 0.00% Malita Investments plc ................... 0.890 0.00% Malta Properties Company plc ........ 0.508 0.20% Malta International Airport plc ....... 4.250 0.00% MSE Index Business Today Bank of England warns that the UK 'has entered a period of uncertainty' In its third pronouncement since the historic British vote to exit the EU, the Bank of England warned yester- day of "challenging" risks to finan- cial stability following the vote as it released £150 billion of lending to households and businesses by relax- ing regulatory requirements on the banking sector. The Bank of England has warned there is evidence that risks it identified with Brexit are beginning to emerge. In a major report it states: "There is evidence that some risks have begun to crystallise. The current outlook for UK financial stability is challenging." To help lubricate the financial system it has eased special capital requirements for banks. The move potentially frees up £150 billion for lending, the bank's Financial Policy Committee (FPC) said. That could help if uncertainty caused by the leave vote causes the economy to slow down and banks to be cautious. The central bank said risks it had identified before the referendum were starting to materialise, including lower demand for commercial property. It also said it was closely monitoring investors' willingness to fund Britain's large current account deficit after the shock outcome of the vote, as well as high levels of household debt and the subdued global economy. "This is a major change," Bank of England governor Mark Carney said. "It means that three-quarters of UK banks, accounting for 90% of the stock of UK lending, will immediately – immediately – have greater flexibility to supply credit to UK households and firms,¬" he said. Carney was speaking at a news conference following the release of the bank's six monthly Financial Stability Report. It said there were risks apparent in the commercial property market, with vital foreign inflows falling by 50% in the first three months of 2016. The FPC also said it was acting to reduce any "fragility" in the financial markets and was ready to move further if necessary. "Financial markets are doing their job. They are adjusting to this change. They have functioned pretty well," Carney said. The Financial Stability Report said that maintaining foreign investment, necessary to support the UK's historically high current account deficit, could become harder following the decision to leave the European Union because of a "prolonged period of uncertainty". Bank of England Governor Mark Carney Money Market Report for the week ending July 1, 2016 ECB Monetary Operations On Monday, June 27, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on Tuesday, June 28, and attracted bids from euro area eligible counterparties of €53.05 billion, €3.17 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 0.00%, in accordance with current ECB policy. On Wednesday, June 29, the ECB conducted a three-month, longer-term refinancing operation to be settled as a fixed rate tender procedure with full allotment, with the rate fixed at the average rate of the MROs over the life of the operation. The auction attracted bids of €7.73 billion from euro area eligible counterparties. The amount was allotted in full in accordance with current ECB policy. Also on Wednesday, June 29, the ECB conducted a seven-day US dollar funding operation through collateralised lending in conjunction with the US Federal Reserve. This operation attracted bids of $1.52 billion, which was allotted in full at a fixed rate of 0.89%. 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 September 29 and December 29, 2016. Bids of €30.00 million were submitted for the 91-day bills, with the Treasury accepting €18.00 million, while bids of €15.05 million were submitted for the 182-day bills, with the Treasury accepting €1.80 million. Since €10.00 million worth of bills matured during the week, the outstanding balance of Treasury bills increased by €9.80 million, to stand at €313.25 million. The yield from the 91-day bill auction was -0.280%, down by 0.5 basis point from bids with a similar tenor issued on June 23, 2016, representing a bid price of 100.0708 per 100 nominal. The yield from the 182-day bill auction was -0.260%, also down by 0.5 basis point from bids with a similar tenor also issued on June 23, 2016, representing a bid price of 100.1316 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 364-day bills maturing on October 6, 2016, and July 6, 2017, respectively.