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CSE stabilizes at 86 pts

18/09/2002 12:10
- 1/3 of the volume for Bank of Cyprus

- Huge losses for PRO and CLR


The General Index of Cyprus Stock Exchange stuck for the fourth time at 86 points, with negligible profits 0,03%, while on Wednesday FTSE20 ended at 343.6 points and –0.4%, mostly pressed by the Bank of Cyprus.

Today’s volume reached CYP468 thousand with banks monopolizing investors’ interest. Banks concentrated more than 50%, while the Bank of Cyprus is today’s most marketable share with a turnover of 33.9% of the total volume. BOC fell to CYP1.10 with losses that reached 0.8%. This is share’s lowest closing within the last three years.

The Popular Bank remained stable to CYP1.10 having the second biggest volume of the day (13.9%), while the Hellenic Bank closed again to 72 cent attracting 5.8% of the trading volume.

Several securities have suffered losses today. Financial Prochoice is the leader among them with losses that reached 11.9%. PRO fell to 9.6 cent with 1.8% of the total volume followed by Avacom Computer (-7%) and CLR (-4.7%). ACS (10% losses yesterday) fell to 4 cent concentrating the small volume of 0.6%, while CLR’s considerable marketability 7.1% fell to 20.5 cent.

Hadjiioannou Farm Ltd suffered great loss that reached 6% and fell to 9.4 cent with 7% of the total volume. The Bank of Cyprus bonds (BCDD) closed to CYP1.075 and 3.2% with 1.8% of the total volume.

Unlike the aforementioned securities, Avacom Net - recovering from yesterday’s great losses – had profits 2.3% and closed to 4.4 cent with a volume of 0.3%. Tsokkos, with marketability 5.9% and profits 0.7% closed to 15.5 cent.

30 securities went up, 40 fell and 18 remained stable.