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On the last trading session of January 2005, the General Price Index of the Main and Parallel Market reached 1159,59 points, representing a relative increase of 14,55%. The value of shares traded presented also an increase of 133,39% compared to the previous month. It is worth mentioning however, that the highest level the index reached for the month was 1.159,59 points. The other Market Indices reached the following levels: Main Market reached 1161,89, Parallel Market 1108,35, Alternative Market 1033,52, Investment Companies 1108,53 points. On a sectoral level, sub-indices reached the following levels: Banking sector 1178,50, Hotels 1155,77, FTSE/CySE20 with 388,62 and finally the FTSE Med 100 reached 7.182,99 points.
Market Capitalization
The market capitalisation of shares (excluding Investment Companies Market) reached £2,39 billion. According to this month’s results, the Main Market accounted for 36,73% of the total market capitalisation, the Parallel Market with 3,05%, the Alternative Market with 9,37%, the Investment Companies Market with 2,84% and the Bond Market with 47,82%. Moreover the total market capitalisation including the Investment Companies Market, Warrants and the Bond Market reached £4,87 billion compared to £4,51 billion the previous month, registering an increase of 8,13 %.
Transactions
The total value of transactions during the month in review reached £12,19 million, with an average of £641,64 thousand per trading session. The Financials sector contributed 66,80% of the total value traded, which was the highest, whereas the Basic Materials sector had the lowest contribution with 0,46%. Investors primarily focused their interest on the shares of “Bank Of Cyprus Public Company Ltd” and “Cyprus Popular Bank Ltd” with 27,63% and 15,18% respectively.
Members and Listed Companies news
On the 4th of January 2005, the Cyprus Stock Exchange announced that the Supreme Court has rejected the appeal of Dellico Corporation Ltd against the decision of the CSE Council, which rejected the Company's application for the listing of its titles in the CSE (Case no 1039/2002). The CSE Council rejected the application since the Company had failed to submit the necessary documents for the examination of its application, such as the revised prospectus and the due diligence.
On the 11th of January 2005, the CSE Council announced that the issued share capital of "Multichoice (Cyprus) Public Company Ltd", which amounted to £6,800,000 divided into 68,000,000 shares of nominal value 10 cents has been reduced according to a court decision to £2,040,000 divided into 68,000,000 of nominal value 3 cents. That change has been effective from Monday, January 17, 2005.
On the 13th of January 2005, the CSE Council further to the announcement dated December 27, 2004 in agreement with the SEC decided to continue the suspension of trading of the titles of "Avacom Computer Services Ltd" from January 13, 2005 until the CSE Council decides on the relevant document in view of the submission of the Public Offer Document by NETI L.C.C for the acquisition of part of the share capital of "Avacom Computer Services Ltd". The decision was taken for the protection of the investing public, pursuant to Article 29(1) of the CSE Laws. On January 13th 2005, titles of the companies "Avacom Net Services Ltd" and "Ceilfloor Ltd", started trading.
On the 18th of January 2005, 21 ordinary shares of the company “Athina Cyprus Public Company Ltd” which have resulted from the exercise of Pioneer warrants 2002, 2004 and 2006, started trading.
On the 19th of January 2005, the titles of the Company "Unifast Finance & Investments Public Company Ltd" transferred from the "Alternative Market" to the "Special Trading Category" until the completion of the procedure for the expansion of operations, pursuant to the CSE Circular 2/2004 to companies with titles listed in the CSE.
On the 19th of January 2005, the CSE Council announced that the issued share capital of "Aiantas Investments Public Ltd", which amounted to £45,000,000 divided into 90,000,000 shares of nominal value 50 cents has been reduced to £40,601,015 divided into 81,202,030 shares of nominal value 50 cents. That change has been effective from Tuesday, January 25, 2005.
On the 21st of January 2005, the CSE Council in agreement with the SEC decided to suspend the trading of titles of "Pharmakas Quarries Ltd" pursuant to Article 29(1) of the CSE Laws for the protection of the investing public after the Company's request in order to give time to the shareholders to examine the Public Offer from GERIK Investments Ltd for the acquisition of the issued capital of the company which is not held by GERIK or its associated parties A. Panayides Contracting Public Ltd, Ibiscus Invest Ltd, Georgios Pipis and Georgios Kazanos. The re-trading of titles started on Friday, January 21, 2005.
On the 25th of January 2005, 52-week Treasury-Bills (2/1/2005 - 1/1/2006) of total value £40,000,000, which have resulted from an auction held on December 29, 2004, started trading.
On the 25th of January 2005, 6.00% Government Bonds, 1st series 2005-Maturity 2015 with a date of issue 3/1/2005 of total value £16,181,100, which have resulted from an auction held on December 29, 2004, started trading.
On the 25th of January 2005, 5.75% Government Bonds of 5-year duration, 1st series 2005 with a date of issue 3/1/2005 (1st issue date 3/1/2004) of total value £20,332,000, which have resulted from an auction held on December 29, 2004, started trading.
On the 25th of January 2005, the Cyprus Stock Exchange (CSE) having proceeded to the necessary controls in technical level announces that after request of the listed company “Elma Holdings Ltd” has decided to change the trading code of the company from " ERA " to " ELMA ". The change will be effective as from Monday, February 7, 2005.
Members News
On the 4th of January 2005, the CSE Council decided to approve the incorporation of the stock exchange / investment services offered by "Alpha Finance Ltd" to "Alpha Bank Ltd" and the application of the latter for its registration as a CSE member. The "Alpha Finance Ltd" was delisted from the CSE members, while "Alpha Bank Ltd" started its operations in the CSE from Monday, January 10, 2005.
CSE Events The seminar enabled attendants to extend their knowledge on Corporate Governance issues. It dealt with the procedures for the achievement of effective corporate governance and referred to certain cases/examples of corporate governance which are adopted by companies abroad.
