On the last day of the month the General Price Index was 74,66 points. It is worth to mention, however, that the highest level the index reached for the month was 79,49 points. On a sectoral level, sub-indices reached the following points: Banking sector, 95,85 Approval Investment companies sector 71,22, and Insurance companies sector 11,44 , Manufacturing sector 48,47, Tourism sector 45,53, Trading sector 21,54, Building Materials and Construction sector 63,05, Information Technology 2,33, Financial Services 7,14, Fish Culture 11,80, Hotels with 25,56, the Other Companies sector with 60,34, the FTSE/CySE 20 with 331,51 and finally the FTSE Med 100 6.407,13 points.
Market Capitalization
The total market capitalisation (shares) reached £2.177 billion from £2.234 billion the previous month registering a increase of 2,54%. According to this month results the Banking sector accounted for 50,34% of the total market capitalisation, the Other Companies sector with 12,26%, the Manufacturing sector with 8,83%, the Hotels sector with 5,48%, the Building and Materials and Construction sector with 7,65%, the Financial Services sector with 2,32%, the Trading sector with 9,46%, the Tourism sector with 1,48%. The Insurance sector with 0,96%, the Information Technology sector with 0,89%, and the Fish Culture sector with 0,34% respectively, of the total market capitalisation. Moreover the total market capitalisation including the Approved Investment Funds, the Warrants the Corporate and Government bonds reached £4.671,00 billion compared to £4.720,00 billion the previous month registering a increase of 1,04%.
Transactions
The total value of transactions during the month in review reached £7,84 million with an average of £356,54 thousands per trading session. The Banks Sector contributed 39,48% of the total value traded, which was the highest, whereas the Fish Culture Companies sector had the lowest contribution with 0,34%. Investors primarily focused their interest on the shares of «Bank of Cyprus Ltd» and «Cyprus Popular Bank Ltd» with 21,37% and 14,50% respectively.
Members and Listed Companies news
On the 4th of June 300,000 Capital Securities of nominal value £100 each with a floating interest rate of the “Bank of Cyprus Ltd”, which were offered to the public, started trading.
On the 10th of June the CSE council announced that the company “Pandora Investments Ltd” was renamed to “Pandora Investments Public Ltd”.
On the 10th of June the CSE council announced that the company “Leptos Calypso Hotels Ltd” was renamed to “Leptos Calypso Hotels Public Ltd”.
On the 11th of June the CSE Council announced the transfer of titles of "Unigrowth Investments Ltd" from the "Special Trading Category" to the "Authorized Investments Companies" due to its incompliance with the process of transfer to the "Other companies" sector pursuant to the CSE Circulars 01/2004 to the Authorized Investment Companies and 02/2004 to the CSE-listed companies. The trading of titles in the "Authorized Investment Companies" started trading on Friday, June 11, 2004.
On the 14th of June 44,023,099 ordinary shares of “Amathus Navigation Co Ltd”, which allocated gratis to the shareholders registered as at June 11, 2004 to the ratio of 1:1, started trading.
On the 15th of June the CSE council announced that the company “Cyventure Capital Ltd” was renamed to “Cyventure Capital Public Company Ltd”.
On the 15th of June the titles of “Unigrowth Investments Ltd” were transferred from the "Authorized Investment Companies" to the Special Trading Category after the Company's wish to transfer its titles in the "Other Companies" sector. It is noted that the Company's titles will remain in the "Special Trading Category" until the completion of the transfer procedure to the "Other Companies" sector, pursuant to the CSE Circulars 01/2004 to the Authorized Investment Companies and 02/2004 to Companies with titles listed in the CSE.
On the 16th of June the CSE council announced that the company “Triena Investments Ltd” was renamed to “Triena Investments Public Ltd”.
On the 21st of June 75,000,000 ordinary shares of nominal value $0.10 of "Vision International People Group Public Ltd", started trading.
On the 21st of June the issued share capital of “Exelixis Investments Ltd”, which amounted to £1,800,000 divided into 9,000,000 shares of nominal value £0.20 has been reduced based on a court decision to £360,000 divided into 9,000,000 shares of nominal value £0.04.
On the 22nd of June following the request made by "Jumbo Trading Ltd" and after examining the dispersion of its share capital after the successful Public Offer and the acquisition of 98.69% of its share capital by Jumbo Trading Co SA, the CSE Council decided to delist the Company's titles from the CSE. The CSE Council will also seek SEC's agreement. As from today June 22, 2004, the trading of titles will be suspended until their delistment from the CSE, pursuant to Regulation 61(1)(f).
On the 22nd of June 16,800,000 shares of “Elma Holdings Ltd” of nominal value 25 cents, which have been exclusively issued with private investment to specific buyers (offer of “Elma Holdings Ltd” for the acquisition of 100% of the issued share capital of “Elma Financial Services Ltd”), started trading.
On the 23rd of June the CSE council announced that Agros Development "Proodos" Ltd was renamed to Agros Development "Proodos" Public Ltd.
On the 25th of June 52-week Treasury-Bills (10/6/2004 - 9/6/2005) of total value £62,000,000, which has resulted from an auction held on June 9, 2004, started trading.
On the 29th of June the CSE council announced that the company “Constantinou Bros Hotels Ltd” was renamed to “Constantinou Bros Hotels Public Company Ltd”.
On the 29th of June the CSE council announced that the company “Actibond Growth Fund Ltd” was renamed to “Actibond Growth Fund Public Company Ltd”.
On the 30th of June the CSE council announced that the company “Logicom Ltd” was renamed to “Logicom Public Ltd”.
On the 30th of June the CSE council announced that the company “Louis Ltd” was renamed to “Louis Public Company Ltd”.
Members News
CSE Events
On the 1st of June the FESE announced that as a natural consequence of the Accession and as a sign of recognition of excellent qualities of these markets, the FESE General Assembly decided that the Exchanges from the New Member States became Full Members. The formal decision in this respect was made at the General Assembly of the Federation of European Securities Exchanges on 1 June 2004, a day before the Annual Convention in Frankfurt. The list of new Full Members includes: Bratislava Stock Exchange, Budapest Stock Exchange, Cyprus Stock Exchange, Ljubljana Stock Exchange, Malta Stock Exchange, National Stock Exchange of Lithuania, Prague Stock Exchange, Riga Stock Exchange, Tallinn Stock Exchange, Warsaw Stock Exchange. As of the decision of the European Union to open the accession negotiations in 1999, the Federation of European Securities Exchanges welcomed these Exchanges as Associate Members or Corresponding Exchanges, in order to facilitate a smooth transition and closer cooperation.
On the 16th of June the Council of Cyprus Stock Exchange presented at a press conference its Strategic Plan and the forthcoming operation of new markets of CSE. In the press conference, the analytical criteria of admission in the new markets and the new developmental programs of the Stock Exchange were also presented. Within the framework of the Strategic Planning for 2004-2006, the CSE Council has proceeded to the adoption of initiatives and programs for the full reorganization and restructuring of the stock exchange market.
On the 18th of June the CSE announced that it has circulated the issue of Fact Book for 2003. The Fact Book is an annual issue of the CSE and is the main source of stock exchange information for statistics purposes. The Fact Book contains analytical statistics data of the stock market for 2003, including comparisons with previous years. It also includes information on the new capital issues, as well as the CSE Members’ list and contact details.
The CSE Council announced that as from Thursday, June 24, 2004 it offers an additional specialized service which will give the opportunity to the Representatives of UCITS to publish their prices in Cyprus through the CSE website (www.cse.com.cy).
The publication of these prices applies not only to the UCITS based on an EU member state which are subject to Directive 85/611/?EC (UCITS), but also those that are based on an EU member state, and are not subject to the above Directive and are allowed to dispose their units in the Republic of Cyprus. The publication of the relevant prices also applies to the UCITS based in a non-EU member state (NON UCITS).
Companies’ Business Plan Presentations
On the 7th of June the listed company “Louis Ltd” presented on the CSE its business strategic plan. The presentation falls within the framework of corporate presentations started in September, aiming to bring the CSE participants closer and encourage the listed companies to prepare their business plans. The presentations of the listed companies are addressed to financial analysts - EPEY, institutional and private investors, media and other interested parties.
