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On the last trading session of January 2006 the General Price Index of the Main and Parallel Market reached 2.147,17 points, representing a relative increase of 25,95 %. The value of shares traded also exhibited an increase of 82,15 % compared to the previous month.
It is worth mentioning however, that the highest level the index reached for the month was 2.147,17 points. The other Market Indices reached the following levels: Main Market reached 2.180,78 , Parallel Market 1.238,39 , Alternative Market 1.133,63 , Investment Companies 1.509,49 points. On a sectoral level, sub-indices reached the following levels: Banking sector 2.371,86 , Hotels 1.197,45 , FTSE/CySE20 727,45 and finally the FTSE Med 100 reached 10.028,24 points.
The market capitalisation of shares (excluding Investment Companies Market) reached £3,89 billion. According to this month’s results, the Main Market accounted for 47,37 % of the total market capitalisation, the Parallel Market 2,44 %, the Alternative Market 6,88 %, the Investment Companies Market 2,59 % and the Bond Market 40,55 %. Moreover the total market capitalisation, including the Investment Companies Market, Warrants and the Bond Market reached £6,865 billion compared to £6,242 billion the previous month, registering an increase of 9,98 %.
The total value of transactions during the month in review reached £64,80 million, with an average of £3,09 million per trading session. The Financials sector contributed 86,77% to the total value traded, which was the highest, whereas the Government Bonds sector had the lowest contribution with 0,15% . Investors primarily focused their interest on the shares of “ Bank ?f Cyprus Public Company Ltd ” and “ Cyprus Popular Bank Public Company Ltd ” with 41,17 % and 20,39 % respectively.
Listed Companies news
On the 9th of January 2006, 11,122 ordinary shares with nominal value of 10 cents of “Euroinvestment & Finance Public Ltd”, which resulted from the rights exercise, started trading.
On the 11th of January 2006, the CSE Council announced that the issued share capital of “Megabet Public Company Ltd”, which stood at £6,678,571 divided into 66,785,714 shares of nominal value £0.10 has been reduced based on a court decision to £1,669,643 divided into 66,785,714 shares of nominal value £0.025. The above change has been effective since Tuesday, January 17, 2006.
On the 12th of January 2006, 38,000 ordinary shares of nominal value 20 cents of the company “Logicom Public Ltd” which have been allocated to three employees on the basis of their contract of employment, started trading.
On the 16th of January 2006, the CSE Council announced the transfer of titles of the company “Unifast Finance & Investments Public Company Ltd” from the “Special Trading Category” to the “Alternative Market” due to its compliance with the procedure for the expansion of its operations. The trading of the titles of the above company in the Alternative Market started on Thursday, January 19, 2006.
On the 16th of January 2006, the CSE Council announced that “L.P. Transbeton Ltd” has changed its name to “L.P. Transbeton Public Ltd”. The above change has been effective since Friday, January 20, 2006.
On the 16th of January 2006, the CSE Council announced that “Modestou Sound &Vision Ltd” has changed its name to “Modestou Sound &Vision Public Company Ltd”. The above change has been effective since Friday, January 20, 2006.
On the 18th of January 2006, the CSE Council announced that the issued share capital of “Cosmos Insurance Company Public Ltd”, which amounted to £4,496,250 divided into 17,985,000 shares of nominal value £0.25 has been reduced based on a court decision to £3,237,300 divided into 17,985,000 shares of nominal value £0.18. The above change has been effective since Tuesday, January 24, 2006.
On the 19th of January 2006, 6,655,712 ordinary shares of 10 cents each of “Euroinvestment & Finance Public Ltd”, which have resulted from the right exercise, started trading.
On the 24th of January 2006, the CSE Council announced that the issued share capital of “Champignon (Cyprus) Public Company Ltd”, which amounted to £4,315,596 divided into 21,577,982 shares of nominal value £0.20 has been reduced based on a court decision to £1,510,458.74 divided into 21,577,982 shares of nominal value £0.07. The above change has been effective since Monday, January 30, 2006.
On the 25th of January 2006, the CSE Council after examining the request of listed company “Hawaii Hotels Public Ltd” regarding the dispersion of its share capital following the successful public offer by “Kania Holdings Ltd” and since it was no longer in line with the basic listing requirement and continuous obligations on the dispersion of capital to the public, the CSE Council in agreement with the SEC decided to delist the Company's titles from the CSE on Friday, January 27, 2006, pursuant to Article 178 of the CSE Law.
On the 25th of January 2006, the CSE Council further to a previous announcement dated April 25, 2005, announced that no one is allowed to proceed to a real-time broadcast of the data and information that appear in the CSE screens during the sessions, unless they have obtained the relevant permit and they pay the relevant subscription to the CSE.It is noted that the companies that have the relevant permit to broadcast the CSE data are the following:
AG FINANCIAL NETWORK LTD
DOT. CY DEVELOPMENT LTD
??? – EASY TRADE LTD
REUTERS CYPRUS LTD
STOCKWATCH LTD
TELERATE CYPRUS LTD
On the 26th of January 2006, 26,000 ordinary shares of “Interfund Investments Public Company Ltd”, which have resulted from the exercise of warrants, started trading.
On the 26th of January 2006, the CSE Council announced that it has suspended the trading of titles of “Cyventure Capital Public Company Ltd” from Thursday, January 26, 2006 and for the period of ten business days (until Wednesday, February 8, 2006), following the Company's request for a smoother completion of the transfer of shares offered by the holders of “Cyventure Capital Public Company Ltd” to “SFS Group Public Company Ltd” and the transfer of new shares of SFS Group Public Company Ltd as an exchange to the holders that accepted the offer.
On the 27th of January 2006, the CSE Council announced that the company “Astra Self Drive Cars Ltd” has changed its name to “Astra Self Drive Cars Public Ltd”. The above change will be effective since Thursday, February 2, 2006.
On the 30th of January 2006, the CSE Council announced that “New Marathon Tours Ltd” has changed its name to “New Marathon Tours Public Co Ltd”. The above change will be effective from Friday, February 3, 2006.
On the 31st of January 2006, 4.50% Government Bonds, 1st Series 2006 - Expiry 2016 with a date of issue on 2/1/2006, of total value £60.056.800, which have resulted from an auction held on December 29, 2005, pursuant to Article 58(1) of the CSE Law, started trading.
Members News
On the 13th of January 2006, Following an EPEY request, the CSE in cooperation with the Greek SEC announced that the exams of the Greek SEC for the stock exchange representatives will take place on Sunday, February 26, 2006 and not on 29/1/2006 as it was initially scheduled. The exams will be carried out at the CSE offices. The CSE is in cooperation with the Athens Stock Exchange so that the Education Service will organize a preparatory seminar for the briefing/preparation of the candidates at the CSE offices between 6-10/2/2006.
On the 25th of January 2005, the CSE Council announced that the total fines imposed to members and listed issuers for violating with the CSE Legislation in 2005 stood at £17,140.
CSE Events
The Cyprus Stock Exchange (CSE) has recently announced that the CSE Council has 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. It is noted that as a result of the final suspension of the old CSE General Index, the index of the Main and the Parallel market was renamed as the new 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 as the 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 is composed of 35 stocks listed in the Main and Parallel Market, contributing 80% approximately of the Equities Market Capitalisation.
On the 4th of January 2006, the CSE Council within the framework of the reformation of the CSE legislation, the improvement of the CSE services and its efforts for a continuous harmonization with the international markets, announced the completion of one of its main projects of the Strategic Plan 2004 – 2006, the introduction and operation of new CSE markets on the basis of the new legislative framework that governs the operation of the market. Further information regarding the above announcement is available through the CSE web site: www.cse.com.cy
On the 13th of January 2006, the Cyprus Stock Exchange informed the investors that the number of visits in the CSE website has increased considerably. Specifically, the CSE website accepts 5,000 visits per day by 600 different persons. It is worth noting that 35% of the visits are from abroad, mainly from Greece and the United Kingdom . The above development shows that the CSE website is gradually becoming the main source of information for the investing public. The CSE having as a main aim, to inform the investing public in the best possible way, will continue its effort for a continuous improvement and enrichment of its website.
The Cyprus Stock Exchange informed the investors that CSE representatives visited Athens recently, within the framework of the common CSE-ASE Trading platform, and organized exams for the certification of the Greek EPEY officials - ASE Members as stock exchange representatives / Clearing Offices in the CSE, pursuant to the CSE laws. The exams were held on Sunday, 29/1/06 and were taken by 125 ASE members.
On Monday, January 30, 2006, the CSE Council organized a road-show, addressed to institutional investors, ASE Members and other Greek market participants. The event was held at the ASE assembly room, 10 Sophocleous and was attended by more than 100 professionals in the Greek stock market.
During the presentation, which falls within the framework of the continuous effort to inform the market officials on the latest developments, CSE Chairman, Akis Cleanthous informed the attendants on the current CSE developments and the enforcement of its development programs, pursuant to the CSE Strategic Plan. The CSE Chairman also emphasized the stages of enforcement of the common CSE-ASE Trading platform, the involvement of the ASE Members in the Cyprus stock market via the common platform and the prospects and investment opportunities in Cyprus .
Companies’ Business Plan Presentations
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