On the last trading session of November 2004 the General Price Index of the Main and Parallel Market reached 1003,27 points, representing a relative increase of 4,97%. The value of shares traded presented also an increase of 30,37% compared to the previous month. It is worth mentioning however, that the highest level the index reached for the month was 1010,83 points. The other Market Indices reached the following levels: Main Market reached 1008,25, Parallel Market 879,69, Alternative Market 853,21, Investment Companies 927,51 points. On a sectoral level, sub-indices reached the following levels: Banking sector 1017,60, Hotels 940,47, FTSE/CySE20 with 336,97 and finally the FTSE Med 100 reached 6.470,71 points.
Market Capitalization
The market capitalisation of shares (excluding Investment Companies Market) reached £2,07 billion. According to this month’s results, the Main Market accounted for 34,53% of the total market capitalisation, the Parallel Market with 2,65%, the Alternative Market with 8,55%, the Investment Companies Market with 2,52% and the Bond Market with 51,62%. Moreover the total market capitalisation including the Investment Companies Market, Warrants and the Bond Market reached £4,53 billion compared to £4,61 billion the previous month, registering a decrease of 1,65 %.
Transactions
The total value of transactions during the month in review reached £8,48 million, with an average of £385,60 thousand per trading session. The Financials sector contributed 68,87% of the total value traded, which was the highest, whereas the Technology sector had the lowest contribution with 0,38%. Investors primarily focused their interest on the shares of “Bank Of Cyprus Public Company Ltd” and “Cyprus Popular Bank Ltd” with 39,84% and 7,69% respectively.
Members and Listed Companies news
On the 3rd of November 2004, the CSE Council announced that the company “Petrolina (Holdings) Ltd” has changed its name to “Petrolina (Holdings) Public Ltd”. That change has been effective from Monday, November 8, 2004.
On the 10th of November 2004, the CSE announced that the company “Champignon (Cyprus) Ltd” has changed its name to “Champignon (Cyprus) Public Company Ltd”. That change has been effective from Monday, November 15, 2004.
On the 15th of November 2004, after the CSE Council decision the issued share capital of “Unifast Finance & Investments Public Company Ltd”, which amounted to £1,022,068.50 divided into 2,044,137 shares of nominal value 50 cents has been reduced to £61,324.11 divided into 2,044,137 shares of nominal value 3 cents, pursuant to a court decision.
On the 17th of November 1,168 new 2011 bonds of the “Hellenic Bank Ltd” of nominal value £100 each, that resulted from the reinvestment of interest of the period 1/07/04 - 30/09/04, started trading.
On the 18th of November 2004, the Cyprus Stock Exchange announced that the Supreme Court has rejected the appeal of “Filoktimatiki Ltd” against the decision of the CSE Council in agreement with the Securities and Exchange Commission. The Company had been imposed a fine of £2,000 after failing to announce the meeting of the Board of Directors, which approved the final results for 2001, violating paragraph 11, Appendix F of the CSE Regulations (Case number 285/2003).
On the 19th of November 2004, the CSE announced that “Cytrustees Investments Company Ltd” has changed its name to “Cytrustees Investment Public Company Ltd”. That change has been effective from Wednesday, November 24, 2004.
On the 22nd of November 2004, after the CSE Council decision the issued share capital of “Cytrustees Investment Public Company Ltd”, which amounted to £22,665,861 divided into 20,665,861 Cyprus shares of nominal value £1,00 each and 2,000,000 international shares of nominal value £1,00 each be reduced to £15,426,127 divided into 20,665,861 Cyprus shares of nominal value £0.67 each and 2,000,000 international shares of nominal value £0.79.
On the 24th of November 2004, the CSE announced that “Kronos Press Distribution Agency Ltd” has changed its name to “Kronos Press Distribution Agency Public Company Ltd”. That change has been effective from Wednesday, November 29, 2004.
On the 25th of November 2004, the CSE Council after examining the dispersion of the share capital of “PSD Investments Public Ltd” following the successful public offer from "Empire Capital Investments Public Ltd", the CSE Council in agreement with the SEC decided to delist the Company's titles from the CSE on Monday, November 29, 2004.
On the 25th of November the CSE Council in agreement with the SEC decided to suspend the trading of the Convertible Bonds 1999/2004 of “SFS Group Public Company Ltd” pursuant to Article 29(1) of the CSE Laws to protect the investing public so as to carry out all the necessary procedures for the conversion of Bonds into Shares and the payment of the interest from November 26, 2004 to December 26, 2004 (both dates inclusive).
On the 25th of November the CSE Council announced that the issued share capital of “Elma Holdings Ltd”, which amounted to £46,380,043 divided into 185,520,172 shares of nominal value 25 cents has been reduced according to a court decision to £9,276,008 divided into 185,520,172 shares of nominal value 5 cents. That change has been effective from Tuesday, November 30, 2004.
On the 26th of November 2004, 512,845 ordinary shares of “Pharmakas Quarries Ltd”, which have resulted from the dividend Reinvestment Plan, started trading.
On the 29th of November 2004, the CSE Council announced the transfer of titles of “Dodoni Portfolio Investment Company Ltd” from the "Special Trading Category" to the Investment Companies Market with the distinctive marking (EM) due to its compliance with the transfer procedure, set by the CSE Circulars 01/2004 to the Authorized Investment Organizations and 02/2004 to the Companies with titles listed in the CSE. The trading of titles in the Investment Companies Market with the distinctive marking (EM) started on 1st of December 2004.
On the 30th November 2004, the issued share capital of "Elma Holdings Ltd", which amounted to £46,380,043 divided into 185,520,172 shares of nominal value 25 cents has been reduced according to a court decision to £9,276,008 divided into 185,520,172 shares of nominal value 5 cents.
