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Banks push CSE up

03/03/2005 13:11
The CSE general index surged 1.5% to 86.1 points on Thursday, influenced by the banking stocks that recorded gains of 1.7%. The Bank of Cyprus followed the upward trend of BOC in the ASE (currently recording gains of 1.9% to £1.88), closing at £1.84 and at +1.7% or 3 cents. The Popular Bank put on 1.5% or 2 cents to £1.33 and the Hellenic Bank soared 2.4% to 38.8 cents.

The trading volume totaled £664.6 thousand with BOC concentrating 19.7% of the turnover. CPB and HB absorbed 7.1% and 5.8% of the volume respectively.

In the hotel sector, Louis with 7.9% of the turnover added 1% to 20.6 cents and Tsokkos with 3.5% of the volume rose 2.8% to 11.1 cents.

SFS with 6.9% of the turnover soared 6.6% to 8.1 cents, Pierides with 4.2% of the volume finished 4.6% higher at 11.3 cents and Kostas Michaelides with 3.7% of the volume dropped 4.7% to 81 cents.

Marketrends climbed 13% to 2.6 cents concentrating 2.2% of the turnover and CLR Inv. put on 3.7% to 5.5 cents, attracting 2.1% of the turnover.

FTSE and the new joint index of the main and parallel market ended 1.6% higher at 404.1 and 1204 points respectively.

Overall, 59 securities went up, 19 fell and 14 remained unchanged.