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CSE ends lower on Fri

16/01/2004 13:07
The CSE general index ended 0.9% weaker at 82.1 points on Friday, while FTSE recorded a drop of 1.8% to 340.7 points, pressured by the banking stocks. The approval for the listing of 26 million of the BOC shares (which have resulted from the warrants) by the ASE on Thursday, affected the Bank of Cyprus share that closed at £1.36 and at -2.2% or 3 cents. By the time this text was in progress, BOC in the ASE recorded losses of 3%, attracting 235 thousand. BOC concentrated 61% of the trading volume, which hardly amounted to £469 thousand.

On a weekly basis, the CSE general index lost 2.7% and FTSE fell 2.5%.

The total weekly turnover almost reached £4 million, £2.6 million of which concerned BOC transactions.

The other daily volume leaders were the following: Jupiter (6.2%), the Hellenic Bank warrants 2004/2007 (4.5%), the Popular Bank (2.8%) and the Woolworth bonds (2.3%). The Hellenic Bank absorbed only 1.4% of the volume.

Jupiter dropped 2.8% to 10.6 cents, the Hellenic Bank warrants lost 2% to 14.7 cents, the Popular Bank finished 1.8% lower at £1.12, the Woolworth bonds remained unchanged at 99 cents and the Hellenic Bank fell 1.7% to 57 cents.

Overall, 21 securities went up, 45 fell and 14 remained unchanged.