Banks drive the CSE to new losses
Banks drive the CSE to new losses
24/9/2002 12:13
BOC at the lowest point within the last three years

The CSE general index and FTSE20 have today suffered considerable losses, mostly pressed by the banks and especially the Bank of Cyprus which, for the third consecutive session has experienced significant losses. Specifically, BOC’s share – with losses 2.4% or 3 cents – closed at CYP 1.21 attracting the largest volume of the day (20.8% of the total volume).

The CSE index dropped by 1.1% and reached 84.2 points (the lowest point since last August 14th), while FTSE20 suffered significant losses 1.7% and fell to 329.6 points.

Today’s volume was CYP 359 thousand, while investors mostly focused on banks that concentrated 48.6% of marketability.

The Popular Bank – with 12.6% of the total volume – was the second most marketable share of the day, closing at CYP 1.08 and marginal losses 0.9 . Similarly BOCw suffered significant losses (5,9%) as well falling to 19 cents and attracting 8,6 % of the marketability.. and the Hellenic Bank closed at 70 cents attracting 6,3% of volume and suffering losses of 1,4%.

Louis and Kronos were also marketable with 4.1% and 3.4% of volume respectively. . LCL closed at 13.3 cents suffering losses of 1.5% drop, while KRO fell to 29.2 cents and 7.6% losses. Harvest – with losses 15.2% and turnover 1.3% - reached 19.5 cents.

20 securities went up, 65 fell and 20 remained stable.

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