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On the last trading session of October 2004 the General Price Index of the Main and Parallel Market reached 955,81 points, representing a relative decrease of 1,89%. The value of shares traded presented also an increase of 6,92% compared to the previous month. It is worth mentioning however, that the highest level the index reached for the month was 976,46 points. The other Market Indices reached the following levels: Main Market reached 956,50, Parallel Market 939,15, Alternative Market 891,45, Investment Companies 990,13 points. On a sectoral level, sub-indices reached the following levels: Banking sector 954,59, Hotels 910,44, FTSE/CySE20 with 319,71 and finally the FTSE Med 100 reached 6.124,66 points.
Market Capitalization
The market capitalisation of shares (excluding Investment Companies Market) reached £2,04 billion. According to this month’s results, the Main Market accounted for 32,58% of the total market capitalisation, the Parallel Market with 2,77%, the Alternative Market with 8,80%, the Investment Companies Market with 2,72% and the Bond Market with 52,98%. Moreover the total market capitalisation including the Investment Companies Market, Warrants and the Bond Market reached £4,61 billion compared to £4,58 billion the previous month, registering an increase of 0,69 %.
Transactions
The total value of transactions during the month in review reached £6,51 million, with an average of £342,49 thousand per trading session. The Financials sector contributed 72,08% of 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 “Cyprus Popular Bank Ltd” with 33,47% and 14,09% respectively.
Members and Listed Companies news
On the 4th of October the CSE announced that the company “Dome Investments Ltd” was renamed to “Dome Investments Public Company Ltd”.
On the 8th of October the CSE Council has given a notice to the listed companies “L.Atteshlis Shipping Ltd” and “Alkioni Fish Farms Ltd” until October 21, 2004 for the submission of their annual report and accounts for the year ended December 31, 2003, as well as their semi-annual reports for the period ended June 30, 2004. It has also given a notice to listed company Transoccer Holdings Ltd until October 21, 2004 for the submission of its semi-annual report for the period ended June 30, 2004. In case of non-compliance, the CSE Council decided to start the procedure for the delisting of their titles from the CSE, pursuant to articles 30 and 64 of the CSE Laws and Regulation 111 of the CSE Regulations, since they have failed to comply with their continuous obligations. The Securities and Exchange Commission has been informed accordingly.
On the 11th of October 5.00% Government Development Bonds of 2-year duration with a date of issue of 24/9/2004 (5th Series 2004 - Expiry 2006) of total value £40,000,000, which have resulted from an auction held on September 22, 2004, started trading.
On the 11th of October 5.75% Government Development Bonds of 5-year duration, 1st Series 2004 with a date of issue of 24/6/2004 (5th Issue date 24/9/2004) of total value £39,907,400, which have resulted from an auction held on September 22, 2004, started trading.
On the 11th of October 52-week Treasury Bills (22/9/2004 - 21/9/2005) of total value £20,000,000, which have resulted from an auction held on September 22, 2004, started trading.
On the 14th of October the CSE announced that the company “Laiki Investment Ltd” was renamed to “Laiki Investment E.P.E.Y Public Company Ltd”.
On the 20th of October 1,876,618 new ordinary shares of “Empire Capital Investments Public Ltd”, which have been allocated to the shareholders of “PSD Investments Public Ltd” who have accepted the tender Offer of “Empire Capital Investments Public Ltd” for the acquisition of up to 100% of the share capital of “PSD Investments Public Ltd” started trading.
On the 20th of October 1,344 ordinary shares of “Athina Cyprus Investments Ltd”, which have resulted from the Retention Plan of the shares that have resulted from the exercise of Power Warrants 2002, 2004 and 2006, started trading.
On the 25th of October the CSE Council announced that the issued share capital of “Stario Investments Ltd”, which amounted to £10,000,000 divided into 20,000,000 shares of nominal value 50 cents be reduced to £2,000,000 divided into 20,000,000 shares of nominal value 10 cents.
On the 26th of October the titles of the company “Golden Sun Leisure (CY) Ltd" started trading in the Special Trading Category, following the briefing of the investing public through the announcement dated October 20, 2004.
On the 27th of October the CSE announced that the company “Exelixi Investments Ltd” was renamed to “Exelixi Investments Public Ltd”.
On the 27th of October the CSE Council in agreement with the SEC decided to suspend the trading of the Pioneer Warrants of “Athina Cyprus Public Company Ltd” pursuant to Article 29(1) of the CSE Laws to protect the investing public so as to complete all the necessary procedures for the exercise of the warrants from November 19, 2004 to November 30, 2004 (both dates included). The trading of the company's titles will resume on Wednesday, December 1, 2004.
Members News
No member news
CSE Events
On the 7th of October 2004, the CSE Council organised the second Stock Exchange Symposium with the subject “The facts, challenges and opportunities from Cyprus' accession to the European Union, the new institutional framework, the structural changes and the new CSE Strategic Plan”. This symposium was attended by a large number of officials from listed companies and other participants in the market.
The Minister of Finance Mr. Makis Keravnos addressed the meeting and focused on the recent and current changes in the European financial environment and their impact on Cyprus Legislation law and conditions. The Minister stressed the importance of the development of the CSE and the Cypriot companies through the CSE. Greek Deputy Finance Minister, Mr. Christos Folias, the official guest of the CSE, also stressed the importance that the Government of Greece gives to the development of the Athens Stock Exchange and focused on the expansion of cooperation with the Cyprus Stock Exchange. Mr. Folias said that the enlarged European Union opens new horizons to the Greek business environment, which must be developed fully, capitalizing on the successful Olympic Games and the large investments that have been made.
In his speech, the Chairman of the CSE Council Mr. Akis Kleanthous reviewed the existing parameters of the Cyprus stock market and focused on factors that must change for the CSE to play an important role in the Cyprus economy. Mr. Kleanthous also referred to the CSE Strategic Plan, which must meet the challenges and opportunities of the environment
