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Last - minute recovery

21/10/2002 12:12
-Losses for GLC
-Successive rises for CSE


The CSE general index managed to stage a last minute recovery from early losses, due to marginal gains by the Bank of Cyprus. The CSE index went into positive territory within the last minutes of the session – for the seventh consecutive time - and closed at 84.5 points with gains of 0.04%. On the other hand, FTSE20 reported losses of 0.1% closing at 321 points.

Today’s total trading volume amounted CYP 438 thousand with banking titles attracting more than 50% of investors’ interest. The Bank of Cyprus was the most marketable stock of the day (28.1%) ending 0.9% or 1 cent higher to CYP 1.17.

The Popular Bank with 13.6% of the total volume fell 0.9% or 1 cent to CYP 1.06, while the Bank of Cyprus warrants with 7.8% of the turnover jumped 6.7% to 19.2 cents. The other daily volume leaders were Lanitis Dev. with 6.6% of the total volume and Hadjiioannou Farm with 5.4% of the turnover. LDL surged 1.4% to 72 cents, while FRH sank 1.9% to 10.2 cents. The Hellenic Bank concentrated only 2.2% of the turnover closing at 69 cents and –2.8% or 2 cents.

Global Consolidator returned – under special regime - to the trading floor today reporting significant losses of 11.3% and closing at 7.1 cents (0.1% of the total volume).

Overall, 31 securities went up, 41 fell and 20 remained unchanged.