.jpg)
On the last trading session of February 2006 the General Price Index of the Main and Parallel Market reached 2.507,65 points, representing a relative increase of 16,79%. The value of shares traded also exhibited an increase of 34,22% compared to the previous month.
It is worth mentioning however, that the highest level the index reached for the month was 2.507,65 points. The other Market Indices reached the following levels: Main Market reached 2.552,86, Parallel Market 1.268,80, Alternative Market 1.170,21, Investment Companies 1.589,89 points.
On a sectoral level, sub-indices reached the following levels: Banking sector 2.798,45, Hotels 1.263,23, FTSE/CySE20 850,95 and finally the FTSE Med 100 reached 10.514,24 points. The market capitalisation of shares (excluding Investment Companies Market) reached £4,43 billion. According to this month’s results, the Main Market accounted for 51,13% of the total market capitalisation, the Parallel Market 2,33%, the Alternative Market 6,49%, the Investment Companies Market 2,53% and the Bond Market 37,26%. Moreover the total market capitalisation, including the Investment Companies Market, Warrants and the Bond Market reached £7,385 billion compared to £6,865 billion the previous month, registering an increase of 7,58%.
The total value of transactions during the month in review reached £86,97 million, with an average of 4,3 million per trading session. The Financials sector contributed 83,75% to the total value traded, which was the highest, whereas the Corporate Bonds sector had the lowest contribution with 0,07%. Investors primarily focused their interest on the shares of “Bank Of Cyprus Public Company Ltd” and “Cyprus Popular Bank Public Company Ltd” with 42,86% and 22,86% respectively.
Listed Companies’ News / Council’s decisions about listed Companies
On the 1st of February 2006, the CSE Council announced that the company “Phil Andreou Ltd” changed its name to “Phil. Andreou Public Ltd”. The above change has been effective since Tuesday, February 7, 2006.
On the 3rd of February 2006, the Cyprus Stock Exchange announced the suspension of trading of the titles of “Universal Bank Public Ltd” from Friday, February 3, 2006 in view of the intention of “AB BANKAS SNORAS” to submit a public offer for the acquisition of a minimum 52% and a maximum 55% of the share capital of “Universal Bank Public Ltd” and in anticipation of the submission of the Public Offer for the acquisition of at least 52% of the share capital of the Bank by Schoeller Holdings Ltd and Path Holdings Ltd, as it has already been announced to the CSE. The titles of the company Universal Bank Public Ltd restarted trading from Tuesday, February 7, 2006.
On the 7th of February 2006, the CSE Council announced that pursuant to the provisions of Regulation 73, it has accepted the listing of 17,231,492 new ordinary shares of SFS Group Public Company Ltd, which have been allocated to the shareholders of Cyventure Capital Public Company Ltd that accepted the Public Offer of SFS Group Public Company Ltd for the acquisition of a minimum 50% plus 1 share and a maximum 100% of the share capital of Cyventure Capital Public Company Ltd. The trading of the above titles started on Thursday, February 9, 2006.
On the 8th of February 2006, the CSE Council announced that pursuant to Article 58 of the CSE Law, it has accepted the listing of 35,718 ordinary shares of the company “Hellenic Bank Public Company Ltd”, which have been granted gratis to staff members. The trading of the above titles started trading on February 8, 2006.
On the 9th of February 2006, the CSE Council announced the transfer of titles of “Finikas Ammochostou Investment Public Company 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 or obligations, set by the Regulatory Decisions of the Cyprus Stock Exchange. The trading of titles in the Special Trading Category” started on Friday, February 10, 2006.
On the 10th of February 2006, the CSE Council announced that “Severis & Athienitis Financial Services Ltd” has changed its name to “SAFS Holdings Public Ltd”. The above change has been effective since Thursday, February 16, 2006.
On the 14th of February 2006, the Cyprus Stock Exchange announced that the trading of titles of “Multichoice (Cyprus) Public Company Ltd” has been suspended on Tuesday, February 14, 2006 following the Company's request in view of the recent report for the cooperation of Lumiere TV Public Ltd with CYTA and due to the uncertainty that might result in relation to the trading agreements of the company with LTV.
On the 15th of February 2006, the CSE Council announced that the company “Renos Hadjiioannou Farm Ltd” changed its name to “Renos Hadjiioannou Farm Public Company Ltd”. The above change has been effective since Tuesday, February 21, 2006.
On the 17th of February 2006, the CSE Council announced that the suspension of trading of the titles of “Multichoice (Cyprus) Public Company Ltd” will continue until Friday, April 14, 2006 (inclusive) or until further information is given on the commercial agreements between Multichoice (Cyprus) Public Company Ltd and Lumiere TV Public Ltd (LTV). This decision was taken pursuant to Article 185(1) of the CSE Law, for the protection of investors.
On the 17th of February 2006, the CSE Council announced that the company “Muskita Aluminium Industries Ltd” changed its name to “Muskita Aluminium Industries Plc”. The above change has been effective since Wednesday, February 22, 2006.
On the 21st of February 2006, the CSE Council announced that the issued share capital of “Toxotis Investments Public Ltd”, which amounted to £2,070,000 divided into 20,700,000 shares of nominal value £0.10 has been reduced based on a court decision to £1,035,000 divided into 20,700,000 shares of nominal value £0.05. The above change has been effective since Monday, February 27, 2006.
On the 24th February 2006, the CSE Council informed the investing public that according to the announcement of AB BANKAS SNORAS dated February 3, 2006 on its intention to submit a Public Offer for the acquisition of a minimum 52% and a maximum 55% of the share capital of Universal Bank Public Ltd, AB BANKAS SNORAS should have submitted a Public Offer Document on February 21, 2006, pursuant to the Merger and Acquisition Regulation 9(3). It is noted that AB BANKAS SNORAS has not submitted a Public Offer Document, violating the Merger and Acquisition Regulation. According to AB BANKAS SNORAS, the failure to submit a document is attributable to the fact that the Central Bank of Cyprus has not given the relevant permit to acquire the majority of shares in Universal Bank Public Ltd. The issue is currently under investigation by the Securities and Exchange Commission, as a Competent Authority.
Council Decisions concerning Members
On the 15th of February 2006, the CSE announced that pursuant to article 46(1) of the CSE Law, to delist “Lefkonoiko Brokerage Ltd” from the list of CSE Members. The above decision was taken after the Securities and Exchange Commission announcement dated January 24, 2006 for the whole withdrawal the Company’s KEPEY due to company's request.
On the 14th of February 2006, the Cyprus Stock Exchange announced that the trading of titles of “Multichoice (Cyprus) Public Company Ltd” has been suspended on Tuesday, February 14, 2006 following the Company's request in view of the recent report for the cooperation of Lumiere TV Public Ltd with CYTA and due to the uncertainty that might result in relation to the trading agreements of the company with LTV.
On the 15th of February 2006, the CSE Council announced that the company “Renos Hadjiioannou Farm Ltd” changed its name to “Renos Hadjiioannou Farm Public Company Ltd”. The above change has been effective since Tuesday, February 21, 2006.
On the 17th of February 2006, the CSE Council announced that the suspension of trading of the titles of “Multichoice (Cyprus) Public Company Ltd” will continue until Friday, April 14, 2006 (inclusive) or until further information is given on the commercial agreements between Multichoice (Cyprus) Public Company Ltd and Lumiere TV Public Ltd (LTV). This decision was taken pursuant to Article 185(1) of the CSE Law, for the protection of investors.
On the 17th of February 2006, the CSE Council announced that the company “Muskita Aluminium Industries Ltd” changed its name to “Muskita Aluminium Industries Plc”. The above change has been effective since Wednesday, February 22, 2006.
On the 21st of February 2006, the CSE Council announced that the issued share capital of “Toxotis Investments Public Ltd”, which amounted to £2,070,000 divided into 20,700,000 shares of nominal value £0.10 has been reduced based on a court decision to £1,035,000 divided into 20,700,000 shares of nominal value £0.05. The above change has been effective since Monday, February 27, 2006.
On the 24th February 2006, the CSE Council informed the investing public that according to the announcement of AB BANKAS SNORAS dated February 3, 2006 on its intention to submit a Public Offer for the acquisition of a minimum 52% and a maximum 55% of the share capital of Universal Bank Public Ltd, AB BANKAS SNORAS should have submitted a Public Offer Document on February 21, 2006, pursuant to the Merger and Acquisition Regulation 9(3). It is noted that AB BANKAS SNORAS has not submitted a Public Offer Document, violating the Merger and Acquisition Regulation. According to AB BANKAS SNORAS, the failure to submit a document is attributable to the fact that the Central Bank of Cyprus has not given the relevant permit to acquire the majority of shares in Universal Bank Public Ltd. The issue is currently under investigation by the Securities and Exchange Commission, as a Competent Authority.
Council Decisions concerning Members
On the 15th of February 2006, the CSE announced that pursuant to article 46(1) of the CSE Law, to delist “Lefkonoiko Brokerage Ltd” from the list of CSE Members. The above decision was taken after the Securities and Exchange Commission announcement dated January 24, 2006 for the whole withdrawal the Company’s KEPEY due to company's request.
