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CSE pressured by banks

02/12/2003 13:03
The CSE general index fell 0.8% to 81.6 points on Tuesday, pressured by the Bank of Cyprus and the Popular Bank, which recorded losses of 1 cent each to £1.25 (-0.8%) and £1.10 (-0.9%) respectively. The Hellenic Bank remained for the fifth consecutive session unchanged at 58 cents.

The trading volume was once again low, amounting to £361 thousand, £95 thousand of which concerned pre-agreed transactions for Marketrends (£61 thousand) and GJ01 bonds (£34 thousand). The Bank of Cyprus and the Popular Bank absorbed more than 50% of the turnover.

The daily volume leaders were the following: The Bank of Cyprus (28.2%), the Popualar Bank (23%), Marketrends (16.9%), GJ01 bonds (9.5%) and the Hellenic Bank (2.8%). MFS surged 2.9% to 3.6 cents and GJ01 bonds inched up 0.1% to £1,142.

FTSE recorded losses of 0.7% to close at 326.8 points.

Overall, 16 securities went up, 33 fell and 18 remained unchanged.