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CSE recovers…despite concerns over tourism

02/04/2003 12:10
The CSE general index traded into positive territory on Tuesday, regaining lost ground and recording significant gains of 1.1% to close at 82 points, despite the prevailing negative climate in the Cyprus tourist industry, after the island has been designated as a dangerous destination due to the war in Iraq.

FTSE20 climbed 2.1% to 311.3 points, mostly due to the Bank of Cyprus share that concentrated 1/3 of the total volume and gained 2.6%.

The trading volume remained at particularly low levels, hardly totaling CYP 579 thousand. The daily volume leaders were the following: The Bank of Cyprus share (33.4%), the Bank of Cyprus warrant (27.7%), the Popular Bank (8.3%), Interfund (4.4%), Libra preference shares (3.7%) and Sharelink (3.1%).

BOC soared 3 cents to close at CYP 1.18, BOC was the best performer of the day ending up 15.7% stronger at 18.4 cents, CPB inched up 1% to CYP 1.05, INF rose 1.4% to 7.5 cents, LBHG were up 1.3% to reach 38.5 cents and SFS stood 3.2% higher at 6.5 cents.

The Hellenic Bank absorbing 1.2% of the turnover scrambled up 5.2% to 61 cents, while CLR Inv attracting 1.3% of the volume added 2.8% to 7.4 cents. CFI with 2.1% of the turnover remained unchanged at CYP 3.10.

Overall, 34 securities went up, 29 fell and 11 remained unchanged.