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On the last trading session of June 2005, the General Price Index of the Main and Parallel Market reached 1.209,64 points, representing a relative increase of 0,63%. The value of shares traded also exhibited an increase of 34,04% compared to the previous month.
It is worth mentioning however, that the highest level the index reached for the month was 1.269,22 points. The other Market Indices reached the following levels: Main Market reached 1.217,23, Parallel Market 1.019,79, Alternative Market 939,03, Investment Companies 963,96 points. On a sectoral level, sub-indices reached the following levels: Banking sector 1.242,18, Hotels 988,72, FTSE/CySE20 405,73 and finally the FTSE Med 100 reached 7.655,33 points.
The market capitalisation of shares (excluding Investment Companies Market) reached £2,43 billion. According to this month’s results, the Main Market accounted for 35,44% of the total market capitalisation, the Parallel Market 2,52%, the Alternative Market 8,01%, the Investment Companies Market 2,19% and the Bond Market 51,68%. Moreover the total market capitalisation, including the Investment Companies Market, Warrants and the Bond Market reached £5,274 billion compared to £5,099 billion the previous month, registering an increase of 3,44 %.
The total value of transactions during the month in review reached £8,70 million, with an average of £414,51 thousand per trading session. The Financials sector contributed 68,06% to the total value traded, which was the highest, whereas the Basic Materials sector had the lowest contribution with 0,94%. Investors primarily focused their interest on the shares of “Bank Of Cyprus Public Company Ltd” and “Cyprus Popular Bank Pub. Company Ltd” with 36,17% and 14,66% respectively.
Listed Companies news
On the 1st of June 2005, after examining the dispersion of the share capital of “Quantum Corporation Ltd” following the successful public offer from “Nasos Ktorides Holdings Ltd”, the CSE Council in agreement with the SEC decided to delist the Company's titles from the CSE on Friday, June 3, 2005.
On the 1st of June 2005, the CSE Council announced the transfer of titles of the company “Harvest Capital Management 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 on Tuesday, June 7, 2005.
On the 1st of June 2005, the CSE Council announced that the issued share capital of “Europrofit Capital Investors Public Ltd”, which stood at £7,822,791 divided into 15,645,582 shares of nominal value £0.50 has been reduced pursuant to a court decision to £782,279.10 divided into 15,645,582 shares of nominal value £0.05. That change has been effective from Friday, June 10, 2005.
On the 3rd of June 2005, 3,129,110 warrants of the company "Europrofit Capital Investors Public Ltd", with an exercise price of £0.05 each on October 30, 2005 to 2012 (both years included), started trading.
On the 6th of June 2005, the CSE Council decided to keep the titles of the company “Isxis Investments Public Ltd” in the Special Trading Category since the auditors have not expressed their opinion on the financial statements for the year ended 31/12/2004 due to uncertainty on certain issues. The titles are in the Special Trading Category since May 5, 2005 due to a delay in the issue of the annual report and final results for the year ended 31/12/2004. This decision was taken within the framework of the CSE Council's policy for companies that fall under the criteria of the category, announced on 25/7/2003 and in relation to the inability on behalf of the auditors to express their opinion on the financial statements for the year ended December 31, 2004.
On the 6th of June 2005, the CSE Council announced that the issued share capital of “Confine Investments Public Ltd”, which stood £5.100.000 divided into 10.200.000 shares of nominal value £0.50 has been reduced pursuant to a court decision to £2.040.000 divided into 10.200.000 shares of nominal value £0.20. That change has been from Friday, June 10, 2005.
On the 7th of June 2005, the CSE announced that the company “Ellinas Finance Ltd” has changed its name to “Ellinas Finance Public Company Ltd”. That change has been effective from Tuesday, June 7, 2005.
On the 7th of June 2005, the CSE Council announced that "A&P (Andreou & Paraskevaides) Enterprises Ltd" has changed its name to "A&P (Andreou & Paraskevaides) Enterprises Public Company Ltd". That change has been effective from Monday, June 13, 2005.
On the 9th of June 2005, the CSE Council announced that the "Hellenic Bank Ltd" has changed its name to "Hellenic Bank Public Company Ltd". That change has been effective from Wednesday, June 15, 2005.
On the 10th of June, the CSE Council announced that the issued share capital of “Leda Investment Public Company Ltd”, which stood at £2,759,716 divided into 5,519,432 shares of nominal value £0.50 has been reduced pursuant to a court decision to £441,554.56 divided into 5,519,432 shares of nominal value £0.08. That change has been be effective from Friday, June 10, 2005.
On the 10th of June, the CSE Council announces that "Telia Aqua Marine Ltd" has changed its name to "Telia Aqua Marine Public Ltd". That change has been effective from Thursday, June 16, 2005.
On the 13th of June 2005, the CSE Council announced that the "Amathus Navigation Company Ltd" has changed its name to "Amathus Public Ltd". That change has been effective from Friday, June 17, 2005.
On the 14th of June 2005, the CSE Council announced that the company "Alkis H. Hadjikyriacos (Frou Frou Biscuits) Ltd" has changed its name to "Alkis H. Hadjikyriacos (Frou-Frou Biscuits) Public Ltd". That change has been effective from Tuesday, June 21, 2005.
On the 15th of June, the CSE Council in agreement with the SEC examined the dispersion of share capital of listed company “Pharmakas Quarries Ltd” following the successful public offer from “Gerik Investments Ltd” and decided to delist the Company’s titles from the CSE on Friday, June 17, 2005.
On the 16th of June 2005, the CSE Council announced the transfer of titles of the company “Demetra 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, June 23, 2005. On the 16th of June 2005, the CSE Council in agreement with the SEC decided to suspend the trading of titles of the "Cytrustees Investment Public Company Ltd" from Thursday, June 16, 2005 until Friday, July 15, 2005 (both dates 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 granted enough time in order to adopt the resolutions of the Extraordinary General Meeting held on June 15, 2005 for the consolidation of the two classes of shares and the subdivision of the nominal value of the international shares. The trading of its titles will recommence on Monday, July 18, 2005.
On the 17th of June 2005, 13,755,000 ordinary shares of the company "Exelixis Investment Public Ltd", with a nominal value £0.04, which have been issued and allocated to the shareholders of “Nefeli Investment Company Ltd” as a consideration for the acquisition of 88.51% of the Company's issued share capital, started trading.
On the 21st of June 2005, the CSE Council announced that the company "Vasiliko Cements Ltd" has changed its name to "Vasiliko Cements Public Company Ltd". That change has been effective from Monday, June 27, 2005.
On the 23rd of June 2005, 43,681 ordinary shares of the company "Hellenic Bank Public Company Ltd", which have been issued gratis to staff members, pursuant to the special resolution of the Extraordinary General Meeting held on May 30, 2001, started trading.
On the 28th of June 2005, the CSE Council announced that the company "Alliance International Reinsurance Company Ltd" has changed its name to "Alliance International Reinsurance Public Company Ltd". That change has been effective from Monday, June 27, 2005.
On the 30th of June 2005, 5.00% Government Bonds 1st Series 2005 - Maturity 2010 with a date of issue on 9/6/2005 of total value £40,000,000, which have resulted from an auction held on June 7, 2005, started trading.
On the 30th of June 2005, 52-week Treasury Bills (7/6/2005 - 6/6/2006) of total value £90,000,000, which have resulted from an auction held on June 7, 2005, started trading.
On the 30th of June 2005, 5.35% Government Bonds 1st Series 2005 - Maturity 2020 with a date of issue on 9/6/2005 of total value £40,000,000, which have resulted from an auction held on June 7, 2005, started trading.
On the 30th of June 2005, 5.25% Government Bonds 1st Series 2005 - Maturity 2015 with a date of issue on 9/6/2005 of total value £40,000,000, which have resulted from an auction held on June 7, 2005, started trading.
On the 30th of June 2005, the CSE announced that the company "C.A.C. Papantoniou Ltd” has changed its name to " C.A.C. Papantoniou Public Company Ltd”. This change will be effective from Wednesday, July 6, 2005.
On the 30th of June 2005, the CSE announced that the company "Dimco Electrical Supplies Ltd” has changed its name to “Dimco Public Company Ltd”. This change will be effective from Wednesday, July 6, 2005.
On the 30th of June 2005, the CSE announced that the company «C. A Papaellinas Trading Ltd» has changed its name to «C.A Papaellinas Trading Public Co Ltd». This change will be effective from Wednesday, July 6, 2005.
On the 30th of June 2005, the CSE announced that the company “Caramondani Bros Ltd” has changed its name to “Caramondani Bros Public Co Ltd”. This change will be effective from Wednesday, July 6, 2005.
On the 30th of June 2005, the CSE announced that the company “Claridge Investments Ltd” has changed its name to “Claridge Public Ltd”. This change will be effective from Wednesday, July 6, 2005.
On the 30th of June 2005, the CSE announced that the company “Pierides G. Electrical Ltd” has changed its name to “Pierides Electrical Public Co Ltd”. This change will be effective from Wednesday, July 6, 2005.
Members News
On the 27th of June 2005, the CSE announced that pursuant to Article 46(1) of the CSE Law to delist “Suphire Securities and Financial Services Ltd” from the list of CSE Members. The above decision was taken after SEC's announcement dated June 21, 2005 for the total cancellation of the Company's KEPEY license due to its incompliance with the legislation that governs its operation, pursuant to Article 16(1) of the KEPEY Law 2002-2004.
CSE Events
On the 15th of June 2005, the CSE informed the investors that the law on the Imposition of Special duty on the CSE Transactions was approved by the House of Representatives recently, and become effective since Friday, June 17, 2005. The Law provides for a reduced special duty imposed on the sales of the stock exchange securities or imposed by the person that announces the transaction at a flat rate of 0.15% on the value of each transaction. It is noted that the previous law which was effective until Thursday, June 16, 2005 provides for the payment of 1% on the value of each transaction if the seller of the title or the person that announces the transaction is a legal person and 0.6% if the seller or the person that announces the transaction is a physical person.
On the 16th of June 2005, the CSE organised at the International Conference Center a presentation of the CSE activities to the Administrative Committees of the Provident Funds. The event, which was successful, was attended by a large number of representatives of Administrative Committees. The CSE Chairman, Mr. Akis Cleanthous emphasised the importance of the institutional investors - especially the Provident Funds - in the capital market. Within the framework of its strategic plan, the CSE seeks for the attraction of the institutional capital and their participation in the stock market. The presentation referred to the CSE's initiative in the effort for a quality improvement of its products and services and focused on issues concerning the institutional investors, such as the introduction of custodian, the expansion of services offered by the Central Register, the prospects from the launch of the Common Trading Platform with the Athens Stock Exchange, the recent reduction of the transaction duty, the Mutual Funds etc.
On the 28th of June 2005, the CSE Council in agreement with the SEC decided to include the titles of listed companies in the Special Trading Category, in the case when a company is listed in the Central Bank’s “Central Information Database” that lists issuers of cheques with insufficient funds.
Companies’ Business Plan Presentations
On the 2nd of June 2005, listed company “Laiki Investments E.P.E.Y. Public Ltd” (Parallel Market) presented in the CSE seminar room, its business strategic plan to the media, institutional private investors and other interested parties.
