29/01/2003 12:10
The CSE lost ground on Wednesday amid concerns about the impact of the economic downturn on the FY2002 results of listed companies. Concers are especially accute for the island's financial institutions pushing the Banking Index 1.8% lower in today's session. According to SEC’s new regulations, all listed companies are committed to provide an indication for FY2002 results by the end of February.
The CSE general index recorded a new three-month low (last seen on October 25) falling 1.6 per cent to 91.6 points, while FTSE/CySe 20 finished 1.6%lower as well at 356.8 points.
Trading volume inched up to total CYP 671 thousand, Ό of which concerned the Bank of Cyprus warrants. BOCw absorbing 24.3 per cent or CYP 163 thousand of the total volume closed 8% weaker at 33.3 cents. Similarly the Bank of Cyprus with 15.1% of the turnover lost 1.5 per cent to reach CYP 1.35.
The other daily volume leaders that concentrated more than 60% of the turnover were PHC Restaurants (9.7 per cent of the volume), the Popular Bank (8% of the volume) and Multichoice (4.1% of the volume). PHC soared 3.5% to 60 cents, CPB was off 0.8% at CYP 1.23 and MCC tumbled 3.6% to close at 26.6 cents.
Sharelink and Toxotis were at the forefront of decliners attracting 1.2 and 1.7% of investors’ interest and ending up 6.9 and 6.6% lower to 8.1 and 12.7 cents respectively. CLR Inv. (4.1 per cent of the turnover) fell 3.4% to 8.5 cents, Pandora (2% of the volume) racked up losses of 2.9% to close at 99.9 cents and the Hellenic Bank (3.5% ) reported a 2.8 per cent drop to 69 cents. In the “Other Companies” sector, Louis and Hadjiioannou Farm with 3.8 and 1.8 per cent of the trading volume declined 2.6 and 2.2 per cent to 23 and 8.9 cents respectively.
Pilots’ strikes and internal problems in Cyprus Airways obviously did not affect the Company’s performance in the CSE, as CA stocks (absorbing only 0.3 per cent of the volume) remained unchanged at 23 cents.
Chapo with 2.5 per cent of the turnover put on 5.5 per cent to 40 cents.
Overall, 19 securities went up, 58 fell and 17 remained unchanged.
The CSE general index recorded a new three-month low (last seen on October 25) falling 1.6 per cent to 91.6 points, while FTSE/CySe 20 finished 1.6%lower as well at 356.8 points.
Trading volume inched up to total CYP 671 thousand, Ό of which concerned the Bank of Cyprus warrants. BOCw absorbing 24.3 per cent or CYP 163 thousand of the total volume closed 8% weaker at 33.3 cents. Similarly the Bank of Cyprus with 15.1% of the turnover lost 1.5 per cent to reach CYP 1.35.
The other daily volume leaders that concentrated more than 60% of the turnover were PHC Restaurants (9.7 per cent of the volume), the Popular Bank (8% of the volume) and Multichoice (4.1% of the volume). PHC soared 3.5% to 60 cents, CPB was off 0.8% at CYP 1.23 and MCC tumbled 3.6% to close at 26.6 cents.
Sharelink and Toxotis were at the forefront of decliners attracting 1.2 and 1.7% of investors’ interest and ending up 6.9 and 6.6% lower to 8.1 and 12.7 cents respectively. CLR Inv. (4.1 per cent of the turnover) fell 3.4% to 8.5 cents, Pandora (2% of the volume) racked up losses of 2.9% to close at 99.9 cents and the Hellenic Bank (3.5% ) reported a 2.8 per cent drop to 69 cents. In the “Other Companies” sector, Louis and Hadjiioannou Farm with 3.8 and 1.8 per cent of the trading volume declined 2.6 and 2.2 per cent to 23 and 8.9 cents respectively.
Pilots’ strikes and internal problems in Cyprus Airways obviously did not affect the Company’s performance in the CSE, as CA stocks (absorbing only 0.3 per cent of the volume) remained unchanged at 23 cents.
Chapo with 2.5 per cent of the turnover put on 5.5 per cent to 40 cents.
Overall, 19 securities went up, 58 fell and 17 remained unchanged.
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