You are here

CSE rises, administrative disputes continue

06/02/2003 12:10
The CSE general index inched up 0.05% to 88.3 points on Thursday, amid the dispute between the CSE Council and the Council Chairman, Pavlos Savvides, after the latter made public his disagreement with Council members about the strategic development of the CSE. Similarly, FTSE rose 0.7% to close at 338.4 points, while the Bank of Cyprus – two days after its downgrading by the international agency Fitch – ended up 0.8% or 1 cent higher to CYP 1.27.

The volume of the session hardly totaled CYP 368 thousand (last seen on January 24) while the daily volume leaders concentrated 61.7% of the turnover and were: The Bank of Cyprus warrants (38%), the Bank of Cyprus (13.3%), the Popular Bank (5.5%) and Champignon (4.7%). BOCw fell 1.1% to 26.2 cents, CPB closed at CYP 1.16 and at +0.9% and CHAM slumped 9.4% to 12.5 cents.

Amathus was among the worst performers of the day dropping 14.2% to 11.5 cents and absorbing 1.1% of the trading volume. Kronos with 1.6% of the turnover slipped 7.1% as well to reach 30.2 cents.

In the financial sector, SAFS with 1.6% of the daily turnover surged 2.7% to 7.5 cents while Sharelink with 1.2% of the volume remained unchanged at 7.7 cents. Louis attracting 3.1% of investors’ interest remained unchanged at 14 cents and Hadjiioannou Farm (2.2% of the turnover) finished 3.5% higher at 9 cents. Cytrustees (2.6% of the volume) remained unchanged at 39 cents and the Hellenic Bank (1.8% of the turnover) soared 1.5% or 1 cent to 67 cents.

Overall, 26 securities went up, 37 fell and 18 remained unchanged.