07/03/2003 12:29
The CSE general index enjoyed a new day of gains, closing 0.88% higher at 86.07 points, in the face of the meeting of the Monetary Policy Committee of the Central Bank of Cyprus to discuss interest rates. The decision of the Committee is anticipated with great interest, especially after the recent decision of the European Central Bank to cut its basic interest rate by a quarter-point to 2.5%. This is its second rate cut since last December, bringing Eurozone interest rates to a three-year low (2.5%).
Similarly FTSE20 soared 2% to close at 333.59 points, while the banking sector reported significant gains as well of 1.73%.
On a weekly basis, the CSE general index lost 1.38% and the FTSE20 remained at the same levels.
The trading volume totalled CYP 466,879, with the daily volume leaders concentrating 67% of the turnover. The Bank of Cyprus warrants was the most active stock of the day, absorbing 25.7% of the total volume and finishing 7.51% higher at 22.9 cents. On a weekly basis, it accumulated considerable losses of 15.5% or 4.2 cents.
The Bank of Cyprus share attracting 15.66% of investors’ interest closed at CYP 1.27 and at +2.42 (weekly gains of 1.6% or 2 cents) and the Popular Bank with 19.58% of the trading volume added 2.68% to CYP 1.15 while it remained unchanged on a weekly basis. The Hellenic Bank with 5.94% of the turnover put on 1.56% to close at 65 cents (weekly losses of 1.5%).
Overall, 30 securities went up, 30 fell and 23 remained unchanged.
Similarly FTSE20 soared 2% to close at 333.59 points, while the banking sector reported significant gains as well of 1.73%.
On a weekly basis, the CSE general index lost 1.38% and the FTSE20 remained at the same levels.
The trading volume totalled CYP 466,879, with the daily volume leaders concentrating 67% of the turnover. The Bank of Cyprus warrants was the most active stock of the day, absorbing 25.7% of the total volume and finishing 7.51% higher at 22.9 cents. On a weekly basis, it accumulated considerable losses of 15.5% or 4.2 cents.
The Bank of Cyprus share attracting 15.66% of investors’ interest closed at CYP 1.27 and at +2.42 (weekly gains of 1.6% or 2 cents) and the Popular Bank with 19.58% of the trading volume added 2.68% to CYP 1.15 while it remained unchanged on a weekly basis. The Hellenic Bank with 5.94% of the turnover put on 1.56% to close at 65 cents (weekly losses of 1.5%).
Overall, 30 securities went up, 30 fell and 23 remained unchanged.
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