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CSE slides 1.6%

16/04/2003 12:07
The CSE general index fell into negative territory on Wednesday, sliding 1.6% to 87.6 points, amid the most important day for the Republic of Cyprus, which is now closer than ever to the European Union, after it has signed the Accession Treaty at 3.15 in the afternoon at the Stoa of Attalos in Athens.

Similarly, FTSE accumulated significant losses of 2.7% to close at 340.2 points, while the banking stocks tumbled 2.8%.

The trading volume was particularly increased, totaling CYP 1.28 million, with the Bank of Cyprus warrants and the Bank of Cyprus share absorbing more than 61% of the turnover (BOCw: 33.3% and BOC 28.3%). The other daily volume leaders were the Popular Bank (7.6%), Hadjiioannou Farm (4%) and the Hellenic Bank (3.3%).

BOCw was at the forefront of decliners, finishing 8.6% weaker at 27.8 cents, HB slumped 6% or 4 cents to 63 cents, CPB slid 3.4% or 4 cents to CYP 1.13 and BOC lost 2.2% or 3 cents to close at CYP 1.32. FRH remained unchanged at 9.4 cents.

In the financial sector, Sharelink concentrating 3% of the total volume fell 5.3% to 7.2 cents, while in the “Other companies” sector CLR Inv. and Louis attracting 3.2% and 3% of the turnover stood 3.5% and 3.2% lower at 8.4 and 15.1 cents respectively.

Overall, 29 securities went up, 52 fell and 22 remained unchanged.