31/01/2003 12:18
Weekly losses of 3%
The CSE general index fell into negative territory on Friday amid the pre-electoral disputes over the CSE scandal and mostly pressured by the banking stocks, closing 1.2% weaker at 91.4 points. The Bank of Cyprus bounced off yesterday’s gains, ending up 3.6% (or five cents) lower to CYP 1.34. On a weekly basis, the CSE accumulated losses of 3%.
Similarly, FTSE dropped 2.3% to 354.9 points, while on a weekly basis it recorded losses of 3.9%.
The successive declines of the CSE general index contributed significantly to the negative performance of the banking stocks, as on a weekly basis the Bank of Cyprus warrants fell 12.1%, the Bank of Cyprus lost 4.3%, the Hellenic Bank was off4.2% and the Popular Bank suffered losses of 3.9%.
The trading volume of the session amounted to CYP 520 thousand and the weekly turnover hardly totalled CYP 2.9 million. The daily volume leaders were the banking stocks and Aqua Sol that attracted 63.7% of investors’ interest.
Specifically, BOCw absorbed 18.2% of the total volume, BOC 17%, CPB 12%, HB 9.1% and AQS 7.4%. BOCw was the worst performer of the day tumbling 3.7% to 33.7 cents, while CPB, HB and AQS finished 0.8%, 1.4% and 2.5% lower at CYP 1.22, 69 cents and 23.8 cents respectively.
Meanwhile, CLR Inv. with 3.7% of the turnover declined 3.5% to close at 8.3 cents, Hadjiioannou Farm with 2.5% of the daily volume was off 2.2% at 8.8 cents and Louis (1.5% of the turnover) traded 1.3% lower to 14.8 cents. Unlike the said stocks, Pandora Investments concentrating 4% of the turnover soared 2% to close at 10 cents.
Overall, 23 securities went up, 53 fell and 18 remained unchanged.
The CSE general index fell into negative territory on Friday amid the pre-electoral disputes over the CSE scandal and mostly pressured by the banking stocks, closing 1.2% weaker at 91.4 points. The Bank of Cyprus bounced off yesterday’s gains, ending up 3.6% (or five cents) lower to CYP 1.34. On a weekly basis, the CSE accumulated losses of 3%.
Similarly, FTSE dropped 2.3% to 354.9 points, while on a weekly basis it recorded losses of 3.9%.
The successive declines of the CSE general index contributed significantly to the negative performance of the banking stocks, as on a weekly basis the Bank of Cyprus warrants fell 12.1%, the Bank of Cyprus lost 4.3%, the Hellenic Bank was off4.2% and the Popular Bank suffered losses of 3.9%.
The trading volume of the session amounted to CYP 520 thousand and the weekly turnover hardly totalled CYP 2.9 million. The daily volume leaders were the banking stocks and Aqua Sol that attracted 63.7% of investors’ interest.
Specifically, BOCw absorbed 18.2% of the total volume, BOC 17%, CPB 12%, HB 9.1% and AQS 7.4%. BOCw was the worst performer of the day tumbling 3.7% to 33.7 cents, while CPB, HB and AQS finished 0.8%, 1.4% and 2.5% lower at CYP 1.22, 69 cents and 23.8 cents respectively.
Meanwhile, CLR Inv. with 3.7% of the turnover declined 3.5% to close at 8.3 cents, Hadjiioannou Farm with 2.5% of the daily volume was off 2.2% at 8.8 cents and Louis (1.5% of the turnover) traded 1.3% lower to 14.8 cents. Unlike the said stocks, Pandora Investments concentrating 4% of the turnover soared 2% to close at 10 cents.
Overall, 23 securities went up, 53 fell and 18 remained unchanged.
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