On the last trading session of April 2005, the General Price Index of the Main and Parallel Market reached 1.210,68 points, representing a relative increase of 2,22%. The value of shares traded also exhibited a decrease of 52,69% compared to the previous month. It is worth mentioning however, that the highest level the index reached for the month was 1.228,16 points. The other Market Indices reached the following levels: Main Market reached 1.217,23, Parallel Market 1.046,23, Alternative Market 1.019,67, Investment Companies 1.000,12 points. On a sectoral level, sub-indices reached the following levels: Banking sector 1.240,00, Hotels 982,54, FTSE/CySE20 406,42 and finally the FTSE Med 100 reached 7.256,21 points. The market capitalisation of shares (excluding Investment Companies Market) reached £2,46 billion. According to this month’s results, the Main Market accounted for 37,33% of the total market capitalisation, the Parallel Market 2,81%, the Alternative Market 8,92%, the Investment Companies Market 2,40% and the Bond Market 48,38%. Moreover the total market capitalisation, including the Investment Companies Market, Warrants and the Bond Market reached £5,023 billion compared to £5,025 billion the previous month, registering a decrease of 0,05 %. The total value of transactions during the month in review reached £7,08 million, with an average of £372,39 thousand per trading session. The Financials sector contributed 68,67% to the total value traded, which was the highest, whereas the Corporate Bonds sector had the lowest contribution with 0,22%. Investors primarily focused their interest on the shares of “Bank of Cyprus Public Company Ltd” and “Cyprus Popular Bank Public Company Ltd” with 29,94% and 16,65% respectively.
Listed Companies news
On the 6th of April 2005, the CSE Council announced that the issued share capital of “Finikas Ammochostou Investments Public Company Ltd” which stood at £2,500,000 divided into 2,500,000 shares of nominal value £1.00 has been reduced by court decision to £625,000 divided into 2,500,000 shares of nominal value £0.25. That change has been effective since Tuesday, April 12, 2005.
On the 7th of April 2005, the CSE Council announced the transfer of titles of the company “ISXIS Investments Public Ltd” from the "Special Trading Category" to the Investment Companies Market with the distinctive marking (EM) due to its compliance with the expansion of operations and the release from the investment restrictions procedure, pursuant to the CSE Circular 01/2005 to Companies that have titles listed in the CSE / All authorized investment companies. The trading of titles in the Investment Companies Market with the distinctive marking (EM) started on Wednesday, April 13, 2005.
On the 12th of April 2005, the CSE Council announced that the company "A.L. Prochoice Financial Services Ltd" has changed its name to "A.L. Prochoice Group Public Ltd". That change has been effective from Monday, April 18, 2005.
On the 15th of April 2005, 1,500,000 ordinary shares of the company “A.L Prochoice Financial Services Ltd”, which have been allocated and issued to Mr. Adamantos Iacovos, started trading.
On the 18th of April 2005, the CSE Council announced that it has transferred "Jupiter Portfolio Investments Ltd" from the "Investment Companies Market" to the "Special Trading Category" until the completion of the procedure for the expansion of its operations and its release from the investment restrictions, pursuant to the CSE Circular 1/2005 to the companies with titles listed in the CSE.
On the 20th of April 2005, the CSE announced that "Cyprus Popular Bank Ltd” has changed its name to "Cyprus Popular Bank Public Co Ltd”. That change has been effective from Tuesday, April 26, 2005.
On the 22nd of April 2005, the CSE Council in agreement with the SEC decided to suspend the trading of titles of “Pharmakas Quarries Ltd” from April 22, 2005 and until the completion of the procedure for the delistment of its titles from the CSE, pursuant to Article 29(1) of the CSE Law, following the successful Public Offer and the acquisition of 94% of the share capital by Gerik Investments Ltd. The above decision was taken upon the Company's request, since the Board of Directors believes that the trading of shares at this stage would affect negatively the completion of the procedures of the Public Offer, e.g. the possible sale of titles by shareholders that have accepted the Public Offer.
On the 22nd of April 2005, the CSE announced that "Lordos United Plastics Ltd” has changed its name to "Lordos United Plastics Public Ltd”. That change has been effective from Thursday, April 28, 2005.
On the 25th of April 11,105,572 ordinary shares of nominal value 10 cents of the company "Nemesis Contracting Ltd", started trading. The 7,755,572 shares have resulted from the exercise of rights and the 3,350,000 shares from the disposal of 3,350,000 unexercised rights.
On the 25th of April 2005 the Cyprus Stock Exchange informed the public that no person is allowed to provide real-time market data and information during the CSE trading session, unless they have received the relevant permit or submited the relevant fees to the CSE. The companies/organizations that are licensed to provide real-time market data and information during the CSE trading session are the following:
- Cyprus Broadcasting Corporation
- AG Financial Network Ltd
- Dot. Cy Development Ltd
- Francoudi & Stephanou Financial Services Ltd
- Reuters Cyprus Ltd Stockwatch Ltd
- Telerate Cyprus Ltd
CSE Events
Within the framework of the conference organised by the Police Academy of Cyprus on April 4-8, 2005 on “MEDA/CEPOL – Combating Financial Crime especially – Money Laundering”, the CSE held a presentation on April 6, 2005 at the CSE seminar room in order to inform the attendants of the conference on the measures that the CSE takes for the issues covered by the conference. The presentation, which was carried out by CSE officials, was attended by 30 persons who participated in the conference and represent the Police Departments and the Customs of a number of Euro-Mediterranean countries, specializing on money laundering. The presentation focused on the facilities that the Cyprus Stock Exchange has in reporting to the Authorities of the Republic certain cases that require further investigation through the existing technological infrastructure and procedures for the recognition of financial crime cases. This presentation falls within the framework of the constant cooperation between the CSE and the Police of Cyprus for issues concerning the latter.
Companies’ Business Plan Presentations
On the 6th of April 2005, the Cyprus Stock Exchange announced that the corporate presentations plan for 2005 has been prepared. The plan is attached below:
| 12/5/2005 | K. Athienitis Contractors Developers Public Ltd | Parallel Market |
| 19/5/2005 | SFS Group Public Company Ltd | Main Market |
| 26/5/2005 | Universal Bank Public Ltd | Parallel Market |
| 30/6/2005 | A.S.G. Public Ltd | Alternative Market |
| 29/9/2005 | Vasiliko Cements Ltd | Main Market |
| 29/9/2005 | K. Kythreotis Holdings Public Ltd | Alternative Market |
| 6/10/2005 | Options Cassoulides Public Company Ltd | Parallel Market |
| 20/10/2005 | ?. Zorpas & Sons Public Ltd | Main Market |
| 20/10/2005 | Lanitis Bros Public Ltd | Main Market |
| 27/10/2005 | Kanika Hotels Public Company Ltd | Parallel Market |
| 27/10/2005 | Cyprus Forest Industries Public Ltd | Alternative Market |
The presentations will be given to the institutional private investors and other interested parties. It is noted that the presentation of business plans by the listed companies is deemed necessary due the new competitive environment after the Cyprus accession in the EU, which demands the adoption of competitive models of development and viability by the listed companies, which will be based on a feasible and dynamic strategic plan.
The presentations will be held at the CSE seminar room and will start at 3:00 pm.
