09/05/2003 12:11
The CSE general index ended 1% lower at 88.2 points on Friday, amid the visit of the Turkish Prime Minister, Recep Tayyip Erdogan to the occupied Cyprus today. Although the Turkish Cypriot newspapers describe the meeting between Erdogan and Denktash as “critical”, the Cyprus government appears to be particularly restrained, welcoming, however, any movement that would reduce the impacts of the occupation.
FTSE slid 1.5% to 347.8 points, while the banking stocks accumulated significant losses of 1.8%.
The trading volume totaled CYP 695 thousand with the banking stocks absorbing ¾ (72.5%) of the turnover.
The Bank of Cyprus warrant was once again the most active stock of the day concentrating 32.7% of the total volume and crashing 4.8% to 26 cents. The Bank of Cyprus share with 22.7% of the turnover lost 1.5% or 2 cents to CYP 1.34, the Popular Bank with 10.5% of the volume fell 0.8% or 1 cent to CYP 1.19 and the Hellenic Bank with 6.7% of the turnover finished 4.4% or 3 cents lower at 65 cents. Marketrends attracting 5.7% of investors’ interest remained unchanged at 3.1 cents.
In the financial sector, SAFS and Sharelink with 1.2% and 1.9% of the total volume shed 4% to 7.3 and 7.2 cents respectively, while in the “Other Companies” sector CLR Inv. (3.7% of the volume) closed at 8.3 cents and at -2.4% and Louis (2.7% of the turnover) was off 0.6% at 15.7 cents.
Vasiliko was the best performer of the day, absorbing 3.1% of the turnover and climbing 5.3% to CYP 1.20, whereas Hadjiioannou Farm with 2.4% of the volume soared 1.2% to 8.8 cents.
Overall, 25 securities went up, 26 fell and 13 remained unchanged.
FTSE slid 1.5% to 347.8 points, while the banking stocks accumulated significant losses of 1.8%.
The trading volume totaled CYP 695 thousand with the banking stocks absorbing ¾ (72.5%) of the turnover.
The Bank of Cyprus warrant was once again the most active stock of the day concentrating 32.7% of the total volume and crashing 4.8% to 26 cents. The Bank of Cyprus share with 22.7% of the turnover lost 1.5% or 2 cents to CYP 1.34, the Popular Bank with 10.5% of the volume fell 0.8% or 1 cent to CYP 1.19 and the Hellenic Bank with 6.7% of the turnover finished 4.4% or 3 cents lower at 65 cents. Marketrends attracting 5.7% of investors’ interest remained unchanged at 3.1 cents.
In the financial sector, SAFS and Sharelink with 1.2% and 1.9% of the total volume shed 4% to 7.3 and 7.2 cents respectively, while in the “Other Companies” sector CLR Inv. (3.7% of the volume) closed at 8.3 cents and at -2.4% and Louis (2.7% of the turnover) was off 0.6% at 15.7 cents.
Vasiliko was the best performer of the day, absorbing 3.1% of the turnover and climbing 5.3% to CYP 1.20, whereas Hadjiioannou Farm with 2.4% of the volume soared 1.2% to 8.8 cents.
Overall, 25 securities went up, 26 fell and 13 remained unchanged.
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