On the last trading session of February 2005, the General Price Index of the Main and Parallel Market reached 1162,53 points, representing a relative increase of 0,25%. The value of shares traded also exhibited an increase of 131,5% compared to the previous month. It is worth mentioning however, that the highest level the index reached for the month was 1258,05 points. The other Market Indices reached the following levels: Main Market reached 1167,49, Parallel Market 1040,40, Alternative Market 1012,84, Investment Companies 1033,66 points. On a sectoral level, sub-indices reached the following levels: Banking sector 1192,40, Hotels 1004,35, FTSE/CySE20 with 389,79 and finally the FTSE Med 100 reached 7618,05 points.
Market Capitalization
The market capitalisation of shares (excluding Investment Companies Market) reached £2,37 billion. According to this month’s results, the Main Market accounted for 36,58% of the total market capitalisation, the Parallel Market with 2,83%, the Alternative Market with 9,14%, the Investment Companies Market with 2,57% and the Bond Market with 48,75%. Moreover the total market capitalisation including the Investment Companies Market, Warrants and the Bond Market reached £4,89 billion compared to £4,87 billion the previous month, registering an increase of 0,32 %.
Transactions
The total value of transactions during the month in review reached £28,22 million, with an average of £1.411,14 million per trading session. The Financials sector contributed 71,49% of the total value traded, which was the highest, whereas the Corporate Bonds sector had the lowest contribution with 0,44%. Investors primarily focused their interest on the shares of “Bank Of Cyprus Public Company Ltd” and “Cyprus Popular Bank Ltd” with 31,99% and 14,19% respectively.
Members and Listed Companies news
On the 1st of February 2005, the CSE Council informed the investing public that it decided not to allow the publication of the Public Offer Document of “NETI L.L.C” for the acquisition of up to 55% of the share capital of “Avacom Computer Services Ltd” for the following reasons:
- NETI has not submitted satisfactory data to substantiate the reliability of the Organisation that certifies the Public Offer, pursuant to the provisions of Regulation 10(1), KDP 100/97.
- NETI has not disclosed the method used to evaluate the targeted company, which was 46 cents per share, pursuant to the provisions of Regulation 11(1)(h), KDP 100/97.
- NETI has not appointed the Bank or the CSE Member through which the payment will be carried out, pursuant to the provisions of Regulation 11(i) of KDP 100/97.
- NETI failed to submit further information requested by the CSE on January 21, 2005. Specifically:
- NETI has not submitted its financial statements 2002/2003 and the financial statements of the holding company.
- The Type 1 form of two members of the Board of Directors was not signed.
On the 8th of February 2005, 5-year Government Bonds, 1st Series 2005 with an issue date of 3/1/2005 (2nd issue with a date 20/1/2005) of total value £48,307,300, which have resulted from an auction held on January 19, 2005, started trading.
On the 8th of February 2005, 6.00% Government Bonds, 2nd Series 2005 - Expiry 2015 with an issue date of 20/1/2005 of total value £30,000,000, which have resulted from an auction held on January 19, 2005, started trading.
On the 8th of February 2005, 52-week Treasury Bills (19/1/2005 - 18/1/2006) of total value £39,058,000, which have resulted from an auction held on January 19, 2005, started trading.
On the 11th of February 2005, 200.000 Guaranteed Bonds with a nominal value of £25 each of "Amathus Navigation Co Ltd" which were issued on November 28, 2003, under Law 149(I) 2002 to a limited number of investors, started trading.
On the 11th February 2005, the CSE informed the investing public that the Official Consignee has published a Clearing Decree against “Golden Sun Leisure Ltd” issued by the Nicosia District Court. As a result, the CSE Council decided to delist the Company's titles from the CSE, pursuant to Regulation 110 (d) of the CSE Regulations.
On the 11th February 2005, the titles of the company were suspended from trading until the delistment of the company from the CSE.
On the 16th of February 2005, the CSE announced that the Securities and Exchange Commission has agreed with the CSE Council to delist the titles of "Golden Sun Leisure (CY) Ltd", pursuant to Regulation 110(d) of the CSE Regulations. It is noted that the above company was delisted on Friday, February 18, 2005.
On the 17th of February 2005, 33,744,036 ordinary shares of "Elma Holdings Ltd", which have resulted from the exercise of warrants, started trading.
On the 17th of February 2005, 51.948 new shares of "Empire Capital Investments Public Ltd", which have resulted from the Public Offer for the acquisition of PSD Investments Public Ltd, started trading.
On the 25th of February 2005, the CSE Council announced that it has examined the Public Offer Document of "Gerik Investments Ltd" for the acquisition of up to 100% of the issued share capital of “Pharmakas Quarries Ltd” and decided to allow the publication of the Public Offer Document, pursuant to Regulation 9 of the CSE Regulations 1997 and 2001 (Public Offer for Acquisition or Purchase of Titles and Merger of Companies Listed in the CSE).
On the 28th of February 2005, the CSE Council announced the transfer of titles of “Knossos 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. The trading of titles in the Investment Companies Market with the distinctive marking (EM) started on Monday, February 28, 2005.
Members News
No member news
CSE Events
On the 22nd of February 2005, the CSE informed the listed companies than the CSE would organise a seminar about the “Central Registry/Central Depository of the CSE: Applications and services”, on March 10th 2005. The seminar will enable the attendants representing the listed companies of CSE to extend their knowledge on Central Registry/Central Depository issues. The seminar will take place on March 10th 2005, in the CSE offices. Further information regarding the seminar outline and application form is available through the CSE web site (http://www.cse.com.cy/en/Announcements/textfiles/2005/ANN13630.htm).
On the 22nd of February 2005, the CSE announced the continuation of business plan presentations by listed companies aimed at analysts, financial services providers, the media, investors and other interested parties. The CSE initiative of business plan presentations started on September 2002, and is aimed at developing communication between the various market participants, providing better information to investors and encouraging listed companies to compile, maintain and explain their business/strategic plans. Similar initiatives organised by European stock exchanges have been successful. The presentations will be held at the premises of the CSE every Thursday fromt 3:00 pm to 6:00 pm, and will cover the presentations of two companies every time. A detailed presentation’s schedule will be published soon.
