17/01/2003 12:11
The banking titles monopolized investors’ interest
The CSE general index – mostly pressured by the banking titles that reported considerable losses, attracting 74 (!) per cent of the volume - fell into negative territory on Friday, closing sharply lower at 96.7 points and at –0.7 per cent, as investors remained cautious ahead of the significant political developments in Cyprus and worldwide.
Similarly, FTSE/CySE20 finished 1.9 per cent lower at 380.1 points, whilst on a weekly basis it rose by 2.7 per cent. On a weekly basis, the CSE general index soared by 2.2 per cent, as well.
The daily trading volume totalled CYP 1.05 million, whilst on a weekly basis the turnover hardly reached CYP 4.37 million, CYP 1.56 million (more than 1/3) of which was absorbed by the Bank of Cyprus warrants.
BOCw was once again the most marketable stock of the day, concentrating 45.6 per cent of the total trading volume, while the Bank of Cyprus, the Popular Bank and the Hellenic Bank attracted 13.2, 11.4 and 4 per cent of investors’ interest respectively. BOCw fell 2.8 per cent to 41.2 cents, BOC dropped as well 1.4 per cent to close at CYP 1.44, CBP accumulated losses of 2.2 per cent to reach CYP 1.31 and HB was off 3.9 per cent at 74 cents.
Despite yesterday’s impressive performance, Sharelink (1.3 per cent of the turnover) dropped 4.9 per cent to 9.7 cents, while SAFS and Louis with 1.8 and 1.9 per cent of the daily volume, closed 5.2 and 3 per cent weaker at 9.1 and 16 cents respectively.
Meanwhile, PHC announced today its decision to expand its activities in Yugoslavia. PHC has already purchased the space that will accommodate the first PIZZA HUT restaurant in Belgrade.
Overall, 27 securities went up, 43 fell and 26 remained unchanged.
The CSE general index – mostly pressured by the banking titles that reported considerable losses, attracting 74 (!) per cent of the volume - fell into negative territory on Friday, closing sharply lower at 96.7 points and at –0.7 per cent, as investors remained cautious ahead of the significant political developments in Cyprus and worldwide.
Similarly, FTSE/CySE20 finished 1.9 per cent lower at 380.1 points, whilst on a weekly basis it rose by 2.7 per cent. On a weekly basis, the CSE general index soared by 2.2 per cent, as well.
The daily trading volume totalled CYP 1.05 million, whilst on a weekly basis the turnover hardly reached CYP 4.37 million, CYP 1.56 million (more than 1/3) of which was absorbed by the Bank of Cyprus warrants.
BOCw was once again the most marketable stock of the day, concentrating 45.6 per cent of the total trading volume, while the Bank of Cyprus, the Popular Bank and the Hellenic Bank attracted 13.2, 11.4 and 4 per cent of investors’ interest respectively. BOCw fell 2.8 per cent to 41.2 cents, BOC dropped as well 1.4 per cent to close at CYP 1.44, CBP accumulated losses of 2.2 per cent to reach CYP 1.31 and HB was off 3.9 per cent at 74 cents.
Despite yesterday’s impressive performance, Sharelink (1.3 per cent of the turnover) dropped 4.9 per cent to 9.7 cents, while SAFS and Louis with 1.8 and 1.9 per cent of the daily volume, closed 5.2 and 3 per cent weaker at 9.1 and 16 cents respectively.
Meanwhile, PHC announced today its decision to expand its activities in Yugoslavia. PHC has already purchased the space that will accommodate the first PIZZA HUT restaurant in Belgrade.
Overall, 27 securities went up, 43 fell and 26 remained unchanged.
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