Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Cyprus Stock Exchange Review Of Developments In December 2000

Date 24/01/2001

During December there was a slight increase in the General Price Index and a particular increase in the value of shares traded compared to November. The various figures and statistics are analysed below:

Prices: The last day of the month General Price Index was 244.50 points. It is worthy to mention, however, that the highest level that the index reached for the month was 266.39 points. On a sectoral level, sub-indices reached the following points: Banking sector 250.9, Approval Investment companies sector 243.9 , Insurance companies sector 98.89, Manufacturing sector 95.72. Tourism sector 1 5 .79, Trading sector 60.75, the Other Companies sector 282.20, Building Materials and Construction sector 74.45, Information Technology 77.45, Financial Services 65.87, Fish Culture 1 00.62, and finally Hotels with 88.55 points.

Market Capitalisation: The total market capitalisation (shares) reached £7,5 billion from £6,405 billion the previous month registering an increase of 1 .38%. According to this month results the Banking sector accounted for 36.96% of the total market capitalisation, the Miscellaneous Companies sector 11 .54%, and the Tourism sector 3.8%. The Trading sector 4.0%, the Manufacturing sector 6.04%, the Approved Investment Companies sector 8.20%, the Insurance sector 1.03%, the Building and Materials and Construction sector 3.2 %, the Information Technology sector 11.06%, the Financial Services sector 7.42%, the Fish Culture sector 0.89%, and finally Hotels sector with 6.35% respectively, of the total market capitalisation. Moreover the total market capitalisation including the Corporate and Government bonds increased to £8,296 billion compared to £7,582 billion at the previous month registering an increased of 9.42%.

Transactions: The total value of transactions during the month in review reached £370 million with an average of ?9 million per trading session. The Approved Investment sector contributed 24.55% of the total value traded, which was the highest, whereas the Government Bonds had the lowest contribution with 0.72%. Investors primarily focused their interest on the shares of Kyknos Investments Ltd and Bank of Cyprus Ltd with 1 7.6% and 8.3% respectively.

On December 1 the CSE introduced the new index , titled the FTSE/CySE 20. The index has been designed by FTSE, and will be calculated by CySE. The following companies are included in the calculation of the FTSE/CySE 20:: Avacom Computer Services Ltd, Bank Of Cyprus Ltd ,Cyprus Popular Bank Ltd,Cyprus Trading Corporation Ltd, D.H. Cyprotels Ltd, F.W.Woolworth & Co. (Cyprus) Ltd, Glory Worldwide Holdings Ltd, Hellenic Bank Ltd, Keo Ltd, L.K. Globalsoft.Com Ltd, Libra Holidays Group Ltd, Louis Cruise Lines Ltd, Malloupas & Papacostas Trading Co Ltd, Minerva Insurance Co. Ltd, Options Eurocongress Ltd, Orfanides Supermarkets Ltd, Salamis Tours (Holdings) Ltd, Severis & Athienitis Financial Services Ltd, Sharelink Financial Services Ltd, Universal Savings Bank Ltd .