02/08/2007 15:02
The upcoming merger between Laiki Investment and CLR is expected to change the stock market map, since a large number of CSE transactions will be carried out by EPEYs, subsidiaries of Marfin Popular Bank. It is well-known that Egnatia Financial Services and Investment Bank of Greece, which is remote member, belong to MPB. According to official CSE data, in the first seven months of the year Laiki Investment had a market share of 10.17%, Egnatia 8.17% and Investment Bank of Greece 3.33%. As for CLR, it holds 10.17% of the market share of €4.43 billion. This shows that if the deal is successful, MPB Group will control more than 35% of the CSE transactions.
In the first seven months of 2007, Cisco ranked first with a market share of 14.37%, followed by CLR, Sharelink Finance (12.42%) and Atlantic Securities (11.22%).
As regards to the remote members, Investment Bank of Greece ranked first with 3.33%, followed by Eurobank with 2.77% and Alpha Finance with 1.04%.
The total brokerages operating in the CSE were 26, 12 of which were remote members.
With regard to the high volume of transactions, stockbrokers told StockWatch that this is attributable to the interest that the foreign institutional investors show in banking stocks.
In the first seven months of 2007, Cisco ranked first with a market share of 14.37%, followed by CLR, Sharelink Finance (12.42%) and Atlantic Securities (11.22%).
As regards to the remote members, Investment Bank of Greece ranked first with 3.33%, followed by Eurobank with 2.77% and Alpha Finance with 1.04%.
The total brokerages operating in the CSE were 26, 12 of which were remote members.
With regard to the high volume of transactions, stockbrokers told StockWatch that this is attributable to the interest that the foreign institutional investors show in banking stocks.
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