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At last a week of gains…

18/10/2002 12:15
Weekly rise of +5%

The CSE general index and FTSE20 reported gains for the sixth consecutive day rising by 0.8% to 84.5 and 321.4 points respectively. The Banking sector contributed heavily to these gains climbing by 1.3%.

The weekly gains for CSE general index and FTSE20 reached the remarkable +5% and 5.2% respectively.

Specifically, the Bank of Cyprus ended 0.9% or 1 cent higher at CYP 1.16, the Popular Bank rose by 0.9% or 1 cent to CYP 1.07, while the Hellenic Bank surged 1.4% or 1 cent to 71 cents. Finally, the Bank of Cyprus warrant reported a remarkable increase of 13.2% or 2.1 cents closing at 18 cents. On a weekly basis, BOC reported gains of 6.4% or 7 cents, CPB 3.9% or 4 cents, HB +6% or 4 cents and BOCw gained 27.7%.

As far as the daily volume leaders are concerned, once again the Banking sector monopolized the investors’ interest. Analytically, BOC concentrated one quarter of today’s total trading volume that amounted to CYP 577 thousand while CPB attracted 14.1% of investors’ interest. Furthermore, BOCw attracted 8.4% of the total volume and HB 5.2% respectively. Finally, Zorpas concentrated 4.6% of the turnover and fell by 1.8% to CYP 1.07.

Louis (4%), CLR Inv. (3.6%) and Hadjiioannou Farm (3.6%) were the other marketable stocks of the day. Specifically, LCL inched up 1.4% to 14.1 cents, CLL rose 4.3% to 7.3 cents, while FRH climbed by 3% to 10.4 cents. On the other hand, Marketrends Financial Services (2.3% of the total volume) tumbled 9.4% to 2.9 cents.

In the meanwhile, GLC’s titles remained off the trading floor today. However, according to CSE announcement the company will be able to re-enter trading on Monday under special regime.

Overall, 40 securities went up, 27 fell and 22 remained unchanged.