30/05/2003 12:09
The CSE general index closed sharply lower on May amid raising concerns on the performance of the Cyprus economy and the profitability of the CSE-listed companies. The banking stocks were considerably pressured on Friday, with the Bank of Cyprus share falling 2.2% to CYP 1.33, losing yesterday’s gains.
The CSE general index ended 0.9% lower at 86.1 points on Friday, while FTSE accumulated significant losses of 1.8% to close at 341.2 points. On a monthly basis the two indices lost 7.1% and 8.5% respectively (see table 2).
The total trading volume for May amounted to CYP 13.3 million against CYP 18 million in April, while the average turnover was CYP 635 thousand compared to CYP 1.05 million in April.
The trading volume on Friday totaled CYP 605 thousand with the Popular Bank attracting 22.2% of investors’ interest. The other daily volume leaders were Muskita (11.9%), the Bank of Cyprus share (10.5%), the Bank of Cyprus warrants (9.6%) and Confine (7.3%).
CPB tumbled 1.7% or 2 cents to CYP 1.15, MAI rose 0.8% to 49.3 cents, BOC lost 3 cents and BOCw slumped 4.2% to 18.4 cents. CONF remained unchanged at 30 cents.
The Hellenic Bank absorbing 5.5% of the turnover remained unchanged at 63 cents, while Universal Bank with 4.1% of the volume was off 0.2% at 45.9 cents. Sharelink with 5.5% of the turnover closed at 6.6 cents and at -1.5% and Rolandos Enterprises with 3.3% of the daily volume remained unchanged at 6.5 cents.
Monthly slump of the banking stocks
On a monthly basis, the banking stocks accumulated significant losses, with the Bank of Cyprus warrants slumping 22%. It is noted that in April BOCw closed at 32 cents and in May at 18.4 cents. The Hellenic Bank, the Popular Bank and the Bank of Cyprus share recorded monthly losses of 12.5%, 9.5% and 7.6% respectively.
Overall, 21 securities went up, 51 fell and 19 remained unchanged.
Table 1
Table 2
The CSE general index ended 0.9% lower at 86.1 points on Friday, while FTSE accumulated significant losses of 1.8% to close at 341.2 points. On a monthly basis the two indices lost 7.1% and 8.5% respectively (see table 2).
The total trading volume for May amounted to CYP 13.3 million against CYP 18 million in April, while the average turnover was CYP 635 thousand compared to CYP 1.05 million in April.
The trading volume on Friday totaled CYP 605 thousand with the Popular Bank attracting 22.2% of investors’ interest. The other daily volume leaders were Muskita (11.9%), the Bank of Cyprus share (10.5%), the Bank of Cyprus warrants (9.6%) and Confine (7.3%).
CPB tumbled 1.7% or 2 cents to CYP 1.15, MAI rose 0.8% to 49.3 cents, BOC lost 3 cents and BOCw slumped 4.2% to 18.4 cents. CONF remained unchanged at 30 cents.
The Hellenic Bank absorbing 5.5% of the turnover remained unchanged at 63 cents, while Universal Bank with 4.1% of the volume was off 0.2% at 45.9 cents. Sharelink with 5.5% of the turnover closed at 6.6 cents and at -1.5% and Rolandos Enterprises with 3.3% of the daily volume remained unchanged at 6.5 cents.
Monthly slump of the banking stocks
On a monthly basis, the banking stocks accumulated significant losses, with the Bank of Cyprus warrants slumping 22%. It is noted that in April BOCw closed at 32 cents and in May at 18.4 cents. The Hellenic Bank, the Popular Bank and the Bank of Cyprus share recorded monthly losses of 12.5%, 9.5% and 7.6% respectively.
Overall, 21 securities went up, 51 fell and 19 remained unchanged.
Table 1
Table 2
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