On the last day of the month the General Price Index was 74,51 points. It is worth to mention, however, that the highest level the index reached for the month was 74,51 points. On a sectoral level, sub-indices reached the following points: Banking sector, 95,94 Approval Investment companies sector 72,37, and Insurance companies sector 12,23 , Manufacturing sector 47,60, Tourism sector 45,04, Trading sector 20,56, Building Materials and Construction sector 61,40, Information Technology 2,34, Financial Services 6,82, Fish Culture 10,83, Hotels with 27,46, the Other Companies sector with 61,14, the FTSE/CySE20 with 330,42 and finally the FTSE Med 100 6.118,69 points.
Market Capitalization
The total market capitalisation (shares) reached £2.159 billion from £2.177 billion the previous month registering a increase of 0,81%. According to this month results the Banking sector accounted for 50,56% of the total market capitalisation, the Other Companies sector with 12,56%, the Manufacturing sector with 8,69%, the Hotels sector with 6%, the Building and Materials and Construction sector with 7,64%, the Financial Services sector with 2,27%, the Trading sector with 8,48%, the Tourism sector with 1,49%. The Insurance sector with 1,06%, the Information Technology sector with 0,93%, and the Fish Culture sector with 0,32% respectively, of the total market capitalisation. Moreover the total market capitalisation including the Approved Investment Funds, the Warrants the Corporate and Government bonds reached £4.637,00 billion compared to £4.671,00 billion the previous month registering a increase of 0,74%.
Transactions
The total value of transactions during the month in review reached £6,52 million with an average of £296,18 thousands per trading session. The Banks Sector contributed 45,26% of the total value traded, which was the highest, whereas the Bonds sector had the lowest contribution with 0,29%. Investors primarily focused their interest on the shares of «Bank of Cyprus Public Company Ltd» and «Cyprus Popular Bank Ltd» with 27,70% and 13,39% respectively.
Members and Listed Companies news
On the 5th of July the company “A. Zorpas & Sons Ltd” after the approval of the CSE has changed its name to “Zorpas & Sons Public Ltd”.
On the 5th of August the CSE council announced that the company “Universal Bank Ltd” was renamed to “Universal Bank Public Ltd”.
On the 6th of August the CSE council announced that the company “Athos Diamond Center Ltd” was renamed to “Athos Diamond Center Public Ltd”.
On the 6th of July the CSE Council announced that having taken into account the dispersion of the share capital of “Jumbo Trading Ltd” after the public offer by “Jumbo Trading SA”, the CSE Council in agreement with the SEC decided to delist its titles from the CSE on Friday, July 9, 2004.
On the 12th of July 6.00% Government Development Bonds, 1st Series 2004 - Expiry 2014 with an issue date of 24/6/2004, of total value £2,929,800, which have resulted from an auction held on June 23, 2004, started trading.
On the 12th of July 6.10% Government Development Bonds, 1st Series 2004 - Expiry 2019 (1st issue) with an issue date of 24/6/2004 of total value £4,195,000, which have resulted from an auction held on June 23, 2004, started trading.
On the 12th of July 5.00% Government Development Bonds 1st Series 2004 - Expiry 2006 with an issue date of 24/6/2004 of total value £31,976,000, which have resulted from an auction held on June 23, 2004, started trading.
On the 12th of July 5.75% Government Development Bonds 1st Series 2004 - Expiry 2009 (1st issue) with an issue date of 24/6/2004 of total value £45,259,200, which have resulted from an auction held on June 23, 2004, started trading.
On the 19th of July the CSE council announced that the company “Lordos Hotels (Holdings) Ltd” was renamed to “Lordos Hotels (Holdings) Public Ltd”.
On the 19th of July the CSE council announced that the company “K. Kythreotis Holding Ltd” was renamed to “K. Kythreotis Holdings Public Ltd”.
On the 20th of July the CSE council announced that the company “Lanitis Development Ltd” was renamed to “Lanitis Development Public Ltd”.
On the 20th of July the CSE council announced that the company “Apollo Investment Fund Ltd” was renamed to “Apollo Investment Fund Public Company Ltd”.
On the 26th of July the CSE council announced that the company “CLR Capital Ltd” was renamed to “CLR Capital Public Ltd”.
On the 26th of July the CSE council announced that the company “A.Panayides Contracting Ltd” was renamed to “A.Panayides Contracting Public Ltd”.
On the 27th of July the CSE council announced that the company “Bank of Cyprus Ltd” was renamed to “Bank of Cyprus Public Co Ltd”.
On the 27th of July 184,897 ordinary shares of Cyprus Cement Company Ltd, which have resulted from the Public Offer for the acquisition of "CCC Laundries Ltd" from "Cyprus Cement Companies Ltd", started trading.
On the 27th of July 29, 2004 37,354 ordinary shares of the "Hellenic Bank Ltd", which were offered gratis to the Group's staff pursuant to the special resolution of the Extraordinary General Meeting on May 30, 2004, started trading.
On the 28th of July the CSE council announced that the company “Lanitis Bros Ltd” was renamed to “Lanitis Bros Public Ltd”.
On the 30th of July the CSE council announced that the company “Cosmos Insurance Co Ltd” was renamed to “Cosmos Insurance Co Public Ltd”.
On the 30th of July the CSE council announced that the company “Multichoice (Cyprus) Ltd” was renamed to “Multichoice (Cyprus) Public Company Ltd”.
Members News
On the 21st of July, the Cyprus Stock Exchange decided, pursuant to Regulation 39 of the CSE Laws, to delist “Marfin Securities (Cyprus) Ltd” from the CSE Members' registry, at the company's own request.
CSE Events
The CSE Council, within the framework of its Strategic Planning for 2004-2006, has proceeded to the adoption of initiatives and programs for the full reorganisation and restructuring of the stock market. The CSE Council decided to launch three categories for the CSE-listed companies in September. Having taken into account the importance of this project and the required time for the enforcement of radical changes in the institutional framework to facilitate the operations of the three new markets, the CSE Council decided to proceed to the launch of the three new categories, which will reflect the philosophy of the three markets to be launched in the future through a new legislation. The CSE will collect the relevant data by the CSE-listed companies, will evaluate the data based on specific criteria and will classify the companies to the aforementioned categories.
The CSE Council would like to inform the investing public that in cooperation with FTSE Group will proceed to the categorisation of the CSE-listed companies based on FTSE international categorisation system. The specification of the sectors and the classification of the listed companies will be based on the companies' homogeneous characteristics that mostly focus on the origin of their income, pursuant to their business operations. It is noted that the CSE considers this project of great importance, since it enables the investment managers and the foreign institutional investors to recognise the classification of the listed companies in sectors.
The Cyprus Stock Exchange in collaboration with the Cyprus Chamber of Commerce and Industry and the local chambers, organised in July informative lectures to the listed companies and other enterprising and investment institutions, on the subject "Strategic Planning and developmental programs of Cyprus Stock Exchange". The CSE Chairman Mr. Akis Kleanthous, was the main speaker in the lectures.
