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On the last trading session of November 2005 the General Price Index of the Main and Parallel Market reached 1.491,25 points, representing a relative decrease of 4,75 %. The value of shares traded also exhibited an increase of 41,71 % compared to the previous month.
It is worth mentioning however, that the highest level the index reached for the month was 1.666,78 points. The other Market Indices reached the following levels: Main Market reached 1.511,29 , Parallel Market 956,81 , Alternative Market 931,44 , Investment Companies 1.035,39 points. On a sectoral level, sub-indices reached the following levels: Banking sector 1.608,30 , Hotels 1.108,24 , FTSE/CySE20 504,52 and finally the FTSE Med 100 reached 9.067,78 points.
The market capitalisation of shares (excluding Investment Companies Market) reached £2,72 billion. According to this month’s results, the Main Market accounted for 38,13 % of the total market capitalisation, the Parallel Market 2,19 %, the Alternative Market 6,95 %, the Investment Companies Market 2,15 % and the Bond Market 50,41 %. Moreover the total market capitalisation, including the Investment Companies Market, Warrants and the Bond Market reached £5,762 billion compared to £5,760 billion the previous month, registering an increase of 0,04 %.
The total value of transactions during the month in review reached £37,12 million, with an average of £1,68 million per trading session. The Financials sector contributed 88,21% to the total value traded, which was the highest, whereas the Corporate Bonds sector had the lowest contribution with 0,18% . Investors primarily focused their interest on the securities of “ Bank of Cyprus Public Company Ltd ” and “ Rights Bank of Cyprus Public Company Ltd ” with 52,56 % and 15,07 % respectively.
Listed Companies news
On the 1st of November 2005, the CSE Council announced the transfer of titles of “Confine Investments Public Ltd” from the Investment Companies Market to the Special Trading Category until the completion of the procedure for the expansion/differentiation of operations and the release from the investment restrictions, pursuant to CSE Circular 1/2005 to the Companies with titles listed in the CSE. The trading of titles in the Special Trading Category started trading on Wednesday, November 2, 2005.
On the 3rd of November 2005, the CSE Council announced that the issued share capital of “MFS Holdings Public Company Ltd”, which stood at £17,392,901 divided into 173,929,010 shares of nominal value £0.10 has been reduced pursuant to a court decision to £6,957,160.40 divided into 173,929,010 shares of nominal value £0.04. The above change has been effective since Wednesday, November 8, 2005.
On the 4th of November 2005, the CSE Council announced that pursuant to the provisions of Regulation 73 it has accepted the listing of 9,999,968 nil-paid rights of “Euroinvestment & Finance Public Ltd”, pursuant to Article 58 of the CSE Law. The nil-paid rights were allocated to the ratio of 2.774865 for every share of nominal value £0.10 cents. Their exercise price has been set at £0.25 cents. The trading of the above right started from November 9, 2005 until November 30, 2005 (both dates inclusive).
On the 11th of November 2005, the CSE Council announced that it accepted the listing of 52- week Treasury Bills (30/9/2005 – 29/9/2006) of total value £50,000,000, which resulted from an auction held on September 28, 2005, pursuant to Article 58(1) of the CSE Law. The above titles started trading on Wednesday, November 16, 2005.
On the 16th of November 2005, the CSE Council announced that it accepted the listing of 4.75% State Nominal Bonds, 1st Series 2005 - Expiry 2015 with date of issue 30/9/2005, and total value £50,000,000, which resulted from an auction held on September 28, 2005, pursuant to Article 58(1) of the CSE Law. The above titles started trading on Wednesday, November 16, 2005.
On the 18th of November 2005, the CSE Council announced that following the reverse split (increase of nominal value of share from £0.04 to £0.40) on November 22, 2005, the issued share capital of “MFS Holdings Public Company Ltd”, which stood at £6,957,160.4 divided into 173.929.010 shares of nominal value £0.04 amounted to £6,957,160.4 divided into 17,392,901 shares of nominal value £0.40. The above change has been effective since Wednesday, November 23, 2005.
On the 22nd of November 2005, the CSE Council announced that it accepted the listing of 12,181,755 ordinary shares of “Leptos Calypso Hotels Public Ltd”, which were allocated gratis to the holders of the corresponding preference shares, pursuant to Article 58 of the CSE Law. The above titles started trading on Tuesday, November 22, 2005.
On the 28th of November 2005, the Cyprus Stock Exchange announced that it accepted the listing of 26,042,337 warrants (Warrants 2005/2007) of SFS Group Public Company Ltd, pursuant to article 58 of the CSE Law. The warrants were allocated gratis as follows: (i). 23,674,880 warrants to the shareholders to the ratio of 1 warrant for every 11 shares held on 18/11/05 and (ii). 2,367,457 warrants to the Company’s staff members at the sole discretion of the Board of Directors. The above warrants started trading on November 30, 2005. Warrants are exercisable on December 1, 2005, December 1, 2006 and December 3, 2007. Their exercise price will be £0.10, £0.12 and £0.15 respectively. Each warrant exercised will be converted into 1 fully paid share of nominal value £0.10.
Semi-Annual Review of Indices
(i) Regional Index FTSE MED 100
On the 10th of November 2005, the representatives of the Athens Stock Exchange, the Tel-Aviv Stock Exchange, the Cyprus Stock Exchange and the FTSE Group, met at the premises of the Cyprus Stock Exchange for the third meeting of the Advisory Committee on the FTSE-Med 100 Index.
The FTSE - Med 100 Index which was launched on the 19/6/2003, is composed of 100 stocks of the three Exchanges, some of which are also listed on US and European securities markets.
The Advisory Committee of the index consists of representatives from the three Exchanges and from the Global Index provider “FTSE Group”. During this meeting, the committee reviewed the operation of the index for the six-month period between April 2005 and November 2005, in accordance with its Ground Rules, which are based on international standards.
It was mutually agreed that during the period of operation of the FTSE Med 100 Index until today, the index achieved the basic aim of strengthening the cooperation between the three Exchanges in the region, offering at the same time a useful tool to the investors in the three countries and internationally, in order to assess trends and developments in these markets. Having applied the Index Ground Rules, four stocks listed on the Tel-Aviv Stock Exchange, two stocks listed on the Athens Exchange and one Stock listed on the Cyprus Stock Exchange will be added to the index for the next semester (until April 2006) and four stocks listed on the Tel-Aviv stock Exchange, two stocks listed on the Athens Exchange and one stock listed on the Cyprus Stock Exchange which have been included during the previous semester, will be deleted. The Index is composed of 48 stocks listed on the Tel-Aviv Stock Exchange, 47 stock listed on the Athens Exchange, and 5 stocks listed on the Cyprus Stock Exchange.
The report covering analytical data and past performance of the FTSE Med 100 Index will be available on the web-site of FTSE www.ftse.com, two weeks after the meeting of the Advisory Committee.
(ii) FTSE / CySE 20 Index
On the 9th of November 2005, the CSE Council announced the new composition of the FTSE/CySE20 Index, pursuant to the evaluation carried out on Wednesday 9, November 2005 by the FTSE/CySE20 Advisory Committee with the participation of a representative of FTSE International. The Advisory Committee has reviewed the operation of the index for the six-month period between April 2, 2005 and September 30, 2005. It is noted that the index consists of 20 selected titles of the CSE, which comprise a representative sample of the Cyprus stock market. Following the review, it has been decided that the composition of the FTSE index for the next six months will be as follows: 1.Bank ?f Cyprus Public Company Ltd (1.00), 2.Cyprus Popular Bank Public Company Ltd (0.75), 3.Hellenic Bank Public Company Ltd (0.75), 4. Vision International People Public Company Ltd (0.40), 5.Louis Public Company Ltd (0.40), 6.Muskita Aluminium Industries Ltd (0.40), 7.Petrolina (Holdings) Public Ltd (0.40), 8.A. Tsokkos Hotels Public Ltd (0.40), 9.Lanitis Bros Public Ltd(0.40), 10.Cyprus Trading Corporation Public Ltd (0.75), 11. A. Zorpas & Sons Public Ltd (0.40), 12. Woolworth (Cyprus) Properties Public Ltd (0.75), 13.SFS Group Public Company Ltd (0.75), 14.Logicom Public Ltd (0.50) 15.Orfanides Public Co Ltd (0.40), 16. Multichoice (Cyprus) Public Company Ltd (0.40) 17.Atlantic Insurance Company Public Ltd (0.40), 18.Libra Holidays Group Public Ltd (0.50), 19.Leptos Calypso Hotels Public Ltd (0.40), 20.D.H. Cyprotels Public Ltd (0.50).
Members News
CSE Events
On the 1st of November 2005, the Cyprus Stock Exchange informed the investors that the 45th General Assembly of the World Federation of Exchanges held on Tuesday, November 1, 2005 in Bombay-India approved the application of the Stock Exchange for becoming a full member of the Federation. It is noted that before taking this decision, the CSE participated in the World Federation of Exchanges as an associate member. The upgrading of the CSE participation is the result of a long effort in order to fulfill all requirements set by the Federation, while in 2004 and 2005 the Federation's officials proceeded to a number of on-the-spot audits to secure that the CSE fulfils all criteria and requirements. The latest development is fairly positive for the CSE and proves that it has made positive steps in the past few years, in line with the international directives and practices as to its organization and operation. The CSE was represented by the General Manager, Mr Nontas Cl. Metaxas.
Companies’ Business Plan Presentations
On the 10th of November 2005, at 3:30 pm the listed company A. Zorpas & Sons Public Ltd presented in the CSE seminar room, its business operations financial results and future targets to the media, institutional private investors and other interested parties. The presentation was carried out by Mr. Michalis Michael, Group Financial Controller and Mr. Theodosis Hadjigeorgiou, Financial Controller.
On the 10th of November 2005, at 4:30 pm the listed company Options Cassoulides Public Company Ltd presented in the CSE seminar room, the company’s three-year business plan to the media, institutional private investors and other interested parties. The presentation was carried out by Mr. Yiannos Casoulides, Group CEO and Mr. Nicos Nicolaou, Group Strategic Development Director.
On the 17th of November 2005, the listed company “Vassilico Cement Works Public Company Ltd” presented in the CSE seminar room, its business targets, strategic plan, activities, financial results and prospects to the media, institutional private investors and other interested parties. The presentation was carried out by Mr. Georgios Savva, the Finance Director of the company.
On the 24th of November 2005, at 3:30 pm the listed company “Lanitis Bros Public Ltd” presented in the CSE seminar room a general over view of the company prospects to the media, institutional private investors and other interested parties. The presentation was carried out by Mr. Andreas Pelekanos, Corporate Finance Director and Investor Liaison Officer and Mr. Antonis Antoniou, Human Resource Manager.
On the 24th of November 2005, at 4:30 pm the listed company “K. Kythreotis Holdings Public Ltd” presented in the CSE seminar room its business plans and the company prospects to the media, institutional private investors and other interested parties. The presentation was carried out by Mr. Petros Kythreotis, Executive Chairman and Mrs. Christina Kythreotou, Finance Director
