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On the last trading session of July 2005, the General Price Index of the Main and Parallel Market reached 1.231,06 points, representing a relative increase of 1,77 %. The value of shares traded also exhibited an increase of 7,07 % compared to the previous month.
It is worth mentioning however, that the highest level the index reached for the month was 1.236,53 points. The other Market Indices reached the following levels: Main Market reached 1.241,16 , Parallel Market 971,40 , Alternative Market 941,30 , Investment Companies 961,21 points. On a sectoral level, sub-indices reached the following levels: Banking sector 1.276,67 , Hotels 1.016,28 , FTSE/CySE20 414,24 and finally the FTSE Med 100 reached 8.117,37 points.
The market capitalisation of shares (excluding Investment Companies Market) reached £2,44 billion. According to this month’s results, the Main Market accounted for 35,87 % of the total market capitalisation, the Parallel Market 2,39 %, the Alternative Market 8,03 %, the Investment Companies Market 2,17 % and the Bond Market 51,39 %. Moreover the total market capitalisation, including the Investment Companies Market, Warrants and the Bond Market reached £5,276 billion compared to £5,274 billion the previous month, registering an increase of 0,03 %.
The total value of transactions during the month in review reached £9,32 million, with an average of 443,8 thousand per trading session. The Financials sector contributed 65,01% to the total value traded, which was the highest, whereas the Government Bonds sector had the lowest contribution with 0,00% . Investors primarily focused their interest on the shares of “ Bank of Cyprus Public Company Ltd ” and “ Chris Cash & Carry Public Ltd ” with 38,80 % and 15,87 % respectively.
Listed Companies news
On the 1st of July 2005, 153,008 ordinary shares of the company “Claridge Investments Ltd” which have resulted from the payment of partially paid shares, started trading.
On the 1st of July 2005, 311,618 preference shares of nominal value £1 of the company “Libra Holidays Group Ltd”, which have resulted from the Public Offer to “Drake Investments Ltd”, started trading.
On the 1st of July 2005, the CSE Council in agreement with the SEC decided to transfer the titles of “Renos Hadjiioannou Farm Ltd” from the Alternative Market to the Special Trading Category because the company’s titles are listed in the Central Bank’s “Central Information Database” that lists issuers of cheques with insufficient funds. The trading of titles in the Special Category started on Wednesday, July 6, 2005. For the same reason and other reasons that have already been announced, the titles of “Worldmax Investments Public Ltd” will continue trading in the Special Trading Category.
On the 6th of July 2005, the CSE Council in agreement with the SEC decided to suspend the titles of “Euroinvestment & Finance Ltd” from Thursday, July 7, 2005 to Monday, July 18, 2005 (both days inclusive). This decision was taken for the protection of the investing public pursuant to Article 29(1) of the CSE Law, taking into account the Company's request to be given time to adopt the ordinary resolution dated 10/12/04 according to which every 5 shares of nominal value £0.02 each are consolidated to 1 share of nominal value £0.10 (reverse split).
On the 6th of July 2005, the CSE announced that the company “D & M Telemarketing Ltd” has changed its name to “D & M Telemarketing Public Ltd”. That change has been effective from Tuesday, July 12, 2005.
On the 6th of July 2005, the CSE announced that the company “Spidernet Services Ltd” has changed its name to “Spidernet Services Public Ltd”. That change has been effective from Tuesday, July 12, 2005.
On the 11th of July 2005, the CSE Council announced the transfer of titles of “Unigrowth 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, pursuant to the CSE Circular 01/2005 to Companies that have titles listed in the CSE / All authorized investment companies. The trading of titles in the Investment Companies Market with the distinctive marking (EM) started trading on Thursday, July 14, 2005.
On the 13th of July 2005, the CSE further to its announcement dated June 16, 2005 announced that the trading of 23,358,519 ordinary shares of nominal value £0.67 of “Cytrustees Investment Public Company Ltd” after the consolidation of the two classes of shares and the subdivision of the nominal value of the International Shares, started trading with the new code (CYTR) on Monday, July 18, 2005.
On the 18th of July 2005, the CSE Council further to the previous announcement dated July 6, 2005, announced that the issued share capital of “Euroinvestment & Finance Ltd” which stood at £9.009.447 divided into 18,018,894 shares of nominal value £0.50 has been reduced to £360.378 divided into 3,603,779 shares of nominal value £0.10. The above change has been effective from Tuesday, July 19, 2005, since the titles of the company started trading.
On the 19th of July 2005, the CSE Council announced that the company “Cyprus Trading Corporation Ltd” has changed its name to “Cyprus Trading Corporation Public Ltd”. That change has been effective from Monday, July 25, 2005.
On the 19th of July 2005, the CSE Council announced that the company “Christis Dairies Ltd” has changed its name to “Christis Dairies Public Ltd”. That change has been effective from Monday, July 25, 2005.
On the 19th of July 2005, the CSE Council announced that the company “F.W.Woolworth & Co. (Cyprus) Ltd” has changed its name to “Woolworth (Cyprus) Properties Public Ltd”. That change has been effective from Monday, July 25, 2005.
On the 26th of July 2005, 2,642,800 ordinary shares of the “Bank of Cyprus Public Company Ltd”, which have resulted from the Dividend Reinvestment Plan, started trading. It is noted that of the above shares, 2,294,855 concern the reinvested dividend from shares registered in the CSE Central Register/Depository and 347,945 concern the reinvested dividend from shares that are registered in the Dematerialized Share System of the ASE Central Register. The trading of the titles in the CSE and ASE started on Tuesday, July 26, 2005.
On the 21st of July 2005, the CSE Council announced that the company “Laser Investments Ltd” has changed its name to “Laser Investments Public Ltd”. That change has been effective from Wednesday, July 27, 2005.
On the 21st of July 2005, the CSE Council announced that the company “KEO Public Ltd” has changed its name to “KEO Public Company Ltd”. That change has been effective from Wednesday, July 27, 2005.
On the 25th of July 2005, the CSE Council announced that the company “Chris Joannou Ltd” has changed its name to “Chris Joannou Public Ltd”. That change has been effective from Wednesday, July 27, 2005.
On the 26th of July 2005, the CSE Council announced that the company “Philoktimatiki Ltd” has changed its name to “Phiiloktimatiki Public Ltd”. This change will be effective from Monday, August 1, 2005.
On the 26th of July 2005, the CSE Council announced that the company “Regallia Holdings & Investments Ltd” has changed its name to “Regallia Holdings & Investments Public Ltd”. This change will be effective from Monday, August 1, 2005.
On the 27th of July 2005, the CSE Council announced that the company “Xenos Travel Ltd” has changed its name to “Xenos Travel Public Ltd”. This change will be effective from Tuesday, August 2, 2005.
On the 27th of July 2005, the CSE Council announced that the company “Euroinvestment & Finance Ltd” has changed its name to “Euroinvestment & Finance Public Ltd”. This change will be effective from Tuesday, August 2, 2005.
Members News
On the 28th of July 2005, the CSE Council announced that pursuant to Article 31, it has decided to accept TROILOS KEPEY LTD as CSE Member. Details of the new Member are presented below:
TROILOS KEPEY LTD
29 Stasinou Avenue
Costanza Court,
101 Office
1523 Nicosia
Tel: 22 458877
Fax: 227 60609
Member's Code: 65
The Stock Exchange Representative and Clearing Officer will be Mr. Andreas Nikolaides. The member started its operations from Friday, July 29, 2005.
CSE Events
Companies’ Business Plan Presentations
On the 6th of April 2005, the Cyprus Stock Exchange announced that the corporate presentations plan for 2005 has been prepared. The plan is attached below:
| 12/5/2005 | K. Athienitis Contractors Developers Public Ltd | Parallel Market |
| 19/5/2005 | SFS Group Public Company Ltd | Main Market |
| 26/5/2005 | Universal Bank Public Ltd | Parallel Market |
| 30/6/2005 | A.S.G. Public Ltd | Alternative Market |
| 29/9/2005 | Vasiliko Cements Ltd | Main Market |
| 29/9/2005 | K. Kythreotis Holdings Public Ltd | Alternative Market |
| 6/10/2005 | Options Cassoulides Public Company Ltd | Parallel Market |
| 20/10/2005 | ?. Zorpas & Sons Public Ltd | Main Market |
| 20/10/2005 | Lanitis Bros Public Ltd | Main Market |
| 27/10/2005 | Kanika Hotels Public Company Ltd | Parallel Market |
| 27/10/2005 | Cyprus Forest Industries Public Ltd | Alternative Market |
The presentations will be given to the institutional private investors and other interested parties. It is noted that the presentation of business plans by the listed companies is deemed necessary due the new competitive environment after the Cyprus accession in the EU, which demands the adoption of competitive models of development and viability by the listed companies, which will be based on a feasible and dynamic strategic plan.
The presentations will be held at the CSE seminar room and will start at 3:00 pm.
