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On the last trading session of December 2005 the General Price Index of the Main and Parallel Market reached 1.704,76 points, representing a relative increase of 14,32 %. The value of shares traded also exhibited a decrease of 4,17 % compared to the previous month.
It is worth mentioning however, that the highest level the index reached for the month was 1.723,27 points. The other Market Indices reached the following levels: Main Market reached 1.728,03, Parallel Market 1.085,70, Alternative Market 1.037,18, Investment Companies 1.133,53 points. On a sectoral level, sub-indices reached the following levels: Banking sector 1.852,11, Hotels 1.146,51, FTSE/CySE20 576,87 and finally the FTSE Med 100 reached 9.586,06 points.
The market capitalisation of shares (excluding Investment Companies Market) reached £3,20 billion. According to this month’s results, the Main Market accounted for 41,92% of the total market capitalisation, the Parallel Market 2,35%, the Alternative Market 7,00%, the Investment Companies Market 2,16% and the Bond Market 46,40%. Moreover the total market capitalisation, including the Investment Companies Market, Warrants and the Bond Market reached £6,2 billion compared to £5,7 billion the previous month, registering an increase of 8,32 %.
The total value of transactions during the month in review reached £35,57 million, with an average of £1,60 million per trading session. The Financials sector contributed 89,62% to the total value traded, which was the highest, whereas the Government Bonds sector had the lowest contribution with 0,17%. Investors primarily focused their interest on the shares of “Bank of Cyprus Public Company Ltd” and “Cyprus Popular Bank Public Company Ltd” with 50,94% and 16,76% respectively.
Listed Companies news
On the 1st of December 2005, the CSE announced that the trading of titles of the listed company “Andreas Coullapides Public Company Ltd”, has been suspended from December 1, 2005 until its delisting, following the EGM approval for its voluntary liquidation. The decision was taken pursuant to article 183 of the CSE Law for the protection of investors and to Article 184(1) of the CSE Law, at a meeting held on December 8, 2005.
On the 9th of December 2005, the Cyprus Stock Exchange announced that the trading of titles of “Lanitis Bros Public Ltd” has been suspended since December 9, 2005, following the company’s request after certain press reports according to which a foreign investor expressed an interest for participation in the share capital of the company, which increased sharply its share price. This decision was taken pursuant to article 183 of the CSE Law for the protection of investors. Further to the recent announcement dated December 9, 2005, the Cyprus Stock Exchange announced that the suspension of trading of the titles of “Lanitis Bros Public Ltd” continued until Thursday, December 15, 2005, when Coca-Cola 3E announced its decision for participation in the Company’s capital. This decision was taken pursuant to Article 183 of the CSE Law for the protection of the investing public.
On the 9th of December 2005, the CSE Council announced the transfer of titles of “Jupiter Portfolio Investments Public Company 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 companies’ restrictions. The trading of titles in the Investment Companies Market with the distinctive marking (EM) started on Wednesday, December 14, 2005.
On the 12th of December 2005, the Cyprus Stock Exchange announced that the trading of titles of “Brainstorm Enterprises Public Ltd” was suspended on December 12-13, 2005, following the Company’s request, in view of an announcement for the intention to submit a public offer. This decision was taken pursuant to Article 183 of the CSE Law for the protection of the investing public.
On the 14th of December 2005, the CSE Council announced that it accepted the listing of 477 new 2011 bonds of the “Hellenic Bank Public Company Ltd”, pursuant to Article 58 of the CSE Law. The 477 new 2011 bonds resulted from the reinvestment of interest for the period from 1/7/2005 to 30/9/2005. The trading of bonds started on Friday, December 16, 2005.
Further to the announcement dated December 15, 2005, the CSE announced that the titles of “Lanitis Bros Public Ltd”, started trading from Thursday, December 15, 2005, since 3E (Cyprus) Ltd, full subsidiary of Coca-Cola Hellenic Bottling Company SA (Coca-Cola 3E), announced, the terms of the Public Offer for the acquisition of a maximum 100% and a minimum 50.60% of the Company’s issued share capital. This decision was taken pursuant to Article 183 of the CSE Law.
On the 16th of December 2005, the Cyprus Stock Exchange announced that the titles of the company “K + G Complex Public Company Ltd” were suspended, on Friday, December 16, 2005 in view of the announcement on the intention of “CCC Holdings & Investments Public Company Ltd” to submit a public offer for the acquisition of up to 100% of the issued share capital of “K + G Complex Public Company Ltd”. This decision was taken pursuant to Article 183 of the CSE Law for the protection of the investing public.
On the 16th of December 2005, the Cyprus Stock Exchange announced that the titles of “Lanitis Bros Public Ltd” and “Alkis H. Hadjikyriakos (Frou-Frou Biscuits) Public Ltd”, were suspended on Friday, December 16, 2005 in view of the possible submission of an improved offer for the acquisition of the share capital of “Lanitis Bros Public Ltd” by “Alkis H. Hadjikyriacos (Frou-Frou Biscuits) Public Ltd”. The titles of the company “Alkis H. Hadjikyriacos (Frou-Frou Biscuits) Public Ltd” were suspended following the Company's request.
On the 20th of December 2005, the CSE Council announced that it has accepted the listing of 52-week Treasury Bills (1/12/2005 – 30/11/2006) of total value £15,000,000, which have resulted from an auction held on November 30, 2005, pursuant to article 58(1) of the CSE Law. The above titles started trading on Friday, December 23, 2005.
On the 20th of December 2005, the CSE Council announced that it has accepted the listing of 4.75% State Nominal Development Bonds 2nd Series 2005-Maturity 2015 with a date of issue 2/12/2005 of total value £15,000,000, which have resulted from an auction held on November 30, 2005, pursuant to article 58(1) of the CSE Law. The above titles started trading on Tuesday, December 23, 2005.
On the 28th of December 2005, the CSE Council announced that it has accepted the listing of 77.902.232 ordinary shares of CYP 0.50 of the “Bank of Cyprus Public Company Ltd”. The 67.830.643 shares have resulted from the exercise of rights, while 10.071.589 from the book building process. The above shares started trading on December 29, 2005.
On the 29th of December 2005, the CSE Council announced that it has accepted the listing of 3.333.166 ordinary shares of CYP 0.10 of «Euroinvestment & Finance Public Ltd, which have resulted from the exercise of rights. The above shares started trading on January 2, 2006.
Members News
On the 9th of December Pursuant to Article 31 of the CSE Law, the CSE Council decided that “Cooperative Central Bank Ltd” become a CSE Member, following the company’s application.
The new Member’s data are the following:
8 Grigori Afxentiou 1096 Nicosia
Tel: 22743000
Fax: 22743000
Member code: 66 The Member is entitled to execute its customers’ orders for transactions with one or more financial means of Part II of First Appendix of the EPEY Laws, as well as the investment service of trading and purchase and sale for one or more financial means.Mr. Haris Savvides and Mrs. Sylia Georgiou are the stock exchange representative and the Clearing Officer respectively. The Member started its operations on Friday, December 9, 2005.
Within the framework of the Common Trading Platform between CSE-ASE and the possibility that the Cyprus EPEYs – CSE Members act as ASE Members, the ASE Members based on the Greek Legislation, must have at least one certified stock exchange representative by the Greek Security and Exchange Commission (SEC). This requirement will be valid for all CSE Members that will seek registration as ASE Members.
The CSE announced that it has an agreement with the Greek SEC in order to organize the written examination in 2006. The exams will take place on Sunday, February 26, 2006 at 10.00 am – 13.00 pm (the day has been selected by the SEC).
In order to facilitate the procedures, the CSE will help the Greek SEC in organizational issues. It therefore, decided to include information and material in its website (www.cse.com.cy - “Members – Exams”), which have been sent by the Greek SEC. The material includes an application form (document 1), a list of supporting documents (document 2) and a questionnaire. It also includes information on the exam’s curriculum (Rule 2 and Doc. 4), the exam’s procedure (Rule 2, Rule 3), indicative topics (Doc. 5) and a set of basic laws and regulatory decisions.
CSE Events
The Cyprus Stock Exchange organized educational seminars on the “New Institutional and Regulatory Framework of the CSE - Listing of securities in the CSE and constant obligations of the listed issuers”, The seminars took place on December 1 and 8, 2005 at the CSE offices. The CSE has already introduced new regulations in order to be in line with the EU directives.
The seminars' attendants were informed on the new legislation and the upcoming regulatory decisions of the CSE, the listing of securities and the constant obligations of the listed issuers so that the CSE-listed companies and the companies that intend to be listed in the CSE comply with the new conditions. The seminars were attended by more than 100 representatives of the Cyprus capital market and the CSE-listed companies, KEPEY, audit firms and the SEC.
The joint press conference of the CSE, KSEPEY and SYDEK, which dealt with the enforcement of the CSE development programs in the Cyprus stock market, took place on Thursday, December 22, 2005 at the CSE offices. The press conference focused on the common platform between the Athens Stock Exchange and the Cyprus Stock Exchange.
During the conference, the representatives reaffirmed that the main aim is to adopt the CSE Strategic Plan and the development programs in order to improve the stock market. As regards to the common CSE-ASE platform, CSE Chairman, Akis Kleanthous said that the target for the preparation of this project in 2005 has been met.
Further information regarding the Press conference is available through the CSE web site (http://www.cse.com.cy/en/Announcements/textfiles/2005/ANN16601_EN.htm).
The Cyprus Stock Exchange (CSE) recently announced that the CSE Council had decided to suspend the operation and publication of the CSE General Index, which was launched on March 29, 1996. The above Index was issued until the end of 2005 for statistical reference and comparability purposes. The operation of the Index ceased on January 2, 2006. As a result of the final suspension of the old CSE General Index, the index of the Main and the Parallel market was renamed to “CSE General Index”. The index of Main and Parallel market which was launched with other new CSE indices on September 3rd 2004 (3/9/2004=1000), has been renamed to “CSE General Index” and includes all companies listed in the Main and Parallel Market. The companies included in the Market of the Shipping Companies as well as Major Projects companies are also eligible for inclusion in the Index. The Index, composed of 35 stocks listed in the Main and Parallel Market, contributed approximately 80% of the Market Capitalisation of the Equities.
Companies’ Business Plan Presentations
Nothing to report.
