Cyprus Stock Exchange: Review Of Developments For October 2005

On the last trading session of October 2005 the General Price Index of the Main and Parallel Market reached 1.565,65 points, representing a relative increase of 8,46 %. The value of shares traded also exhibited a decrease of 9,33 % compared to the previous month.

It is worth mentioning however, that the highest level the index reached for the month was 1.645,04 points. The other Market Indices reached the following levels: Main Market reached 1.586,44, Parallel Market 1.011,59, Alternative Market 987,71, Investment Companies 1.128,48 points. On a sectoral level, sub-indices reached the following levels: Banking sector 1.686,24, Hotels 1.200,23, FTSE/CySE20 529,82 and finally the FTSE Med 100 reached 8.577,89 points.

The market capitalisation of shares (excluding Investment Companies Market) reached £2,80 billion. According to this month’s results, the Main Market accounted for 38,87% of the total market capitalisation, the Parallel Market 2,31%, the Alternative Market 7,34%, the Investment Companies Market 2,32% and the Bond Market 48,97%. Moreover the total market capitalisation, including the Investment Companies Market, Warrants and the Bond Market reached £5,760 billion compared to £5,703 billion the previous month, registering an increase of 1 %. The total value of transactions during the month in review reached £26,19 million, with an average of 1.309,73 million per trading session. The Financials sector contributed 88,03% to the total value traded, which was the highest, whereas the Basic Materials sector had the lowest contribution with 0,26%. Investors primarily focused their interest on the shares of “Bank Of Cyprus Public Company Ltd” and “Cyprus Popular Bank Public Company Ltd” with 51,91% and 18,35% respectively.

Listed Companies news

On the 10th of October 2005, the CSE announced that it has suspended the trading of titles of company “Hawaii Hotels Public Ltd” on October 10 and 11, 2005, following the Company’s request in order to have sufficient time to inform its shareholders with regard to the intention of the company “Kania Holdings Ltd” to submit a Public Offer for the acquisition of up to 100% of the issued capital of Hawaii Hotels Public Ltd. This decision was taken pursuant to article 183 of the CSE Law for the protection of the investors.

On the 17th of October the CSE Council in agreement with the SEC decided to delist the titles of “Transoccer Holdings Ltd” pursuant to the CSE Law, due to its failure to issue an Annual Report and accounts for the year ended December 31, 2004. The company was delisted on October 19, 2005.

On the 18th of October 2005, the CSE Council announced the transfer of titles of “A. Panayides Contracting Public Ltd” from the Main Market to the Alternative Market due to its compliance with the procedure for a voluntary transfer in a market with less strict criteria. The trading in the Alternative Market started on Monday, October 24, 2005.

On the 19th of October 2005, the CSE Council announced that the company “Avacom Net Services Ltd” has changed its name to “Avacom Net Public Company Ltd”. The above change has been effective since Tuesday, October 25, 2005.

On the 19th of October 2005, the CSE Council announced that the company “Avacom Computer Services Ltd” has changed its name to “Avacom Public Company Ltd”. The above change has been effective since Tuesday, October 25, 2005.

On the 19th of October 2005, the CSE Council announced that the company “Ceilfloor Ltd” has changed its name to “Ceilfloor Public Company Ltd”. The above change has been effective since Tuesday, October 25, 2005.

On the 26th of October 2005, the CSE Council announced that the company “CPI Enterprise Development Ltd” has changed its name to “CPI Holdings Public Ltd”. The above change has been effective since Tuesday, November 1st, 2005.

On the 31st of October 2005, the CSE Council announced that pursuant to the provisions of Regulation 73 it has accepted the listing of 94 ordinary shares of “Alkis H. Hadjikyriacos (Frou-Frou Biscuits) Public Ltd”, which have resulted from the Dividend Reinvestment Plan, pursuant to Article 58 of the CSE Law. The above titles started trading on Wednesday, November 2, 2005

On the 31st of October the CSE Council announced that pursuant to the provisions of Regulation 73 it has accepted the listing of 56,403 ordinary shares of “C.A Papaellinas Trading Public Company Ltd”, which have resulted from the Dividend Reinvestment Plan, pursuant to Article 58 of the CSE Law. The above titles started trading on Wednesday, November 2, 2005

On the 31st of October 2005, the CSE Council announced that pursuant to the provisions of Regulation 73 it has accepted the listing of 6,000,019 ordinary shares of £0.25 of “Global Consolidator Public Ltd” pursuant to Article 58 of the CSE Law. These shares have resulted from (a) the conversion of 21,403,200 shares Category A and 8,596,800 shares Category B to ordinary shares of nominal value £0.05 and (b) the reverse subdivision of its ordinary shares to the ratio of 1 for every 5. The above shares started trading on Wednesday, November 2, 2005.

On the 31st of October 2005, the CSE Council announced that pursuant to the provisions of Regulation 73 it has accepted the listing of 560,000 ordinary shares of “Exelixis Investment Public Ltd”, pursuant to Article 58 of the CSE Law. The shares have been allocated as an exchange for the acquisition of 80,000 shares of “Nefeli Investment Company Ltd” by two shareholders. The above shares started trading on Wednesday, November 2, 2005.

Members News

CSE Events

Companies’ Business Plan Presentations

On the 23rd of September 2005, the Cyprus Stock Exchange announced that the corporate presentations plan for 2005 has been revised. The plan is presented below:

It is noted that the presentation of the “Cyprus Popular Bank Public Company Ltd”, which was scheduled for 13/10/2005, has been postponed. Also, the presentation of “Cyprus Forest Industries Ltd”, which was scheduled for 27/10/2005 has been, postponed for the first half of 2006.

The presentations address financial analysts– EPEY, institutional and private investors, Media and other interested parties. The presentation of the strategic plans is deemed necessary, given the new competitive environment after the island’s accession in the European Union, which stresses the need for the adoption of competitive models of development and viability of the companies. The corporate presentations will be held at the CSE (Assembly Room) at 3.30 pm.