CSE: Banks hit a new three-year low
CSE: Banks hit a new three-year low
10/10/2002 12:13
-CPB falls below CYP 1.

Despite the encouraging developments over Cyprus accession to EU, the CSE general index - being strongly pressured by banks that were the prominent decliners of the day – fell 1.4% to 79,3 points. The CSE general index hit a new low, diving to levels last seen on February 3, 1998.

FTSE20 has also suffered a traumatic decline reaching 298.5 points and losses of 2.1%.

Specifically, banks concentrated 50% of the volume that totaled 678 thousand. The Bank of Cyprus (most marketable share of the day, 22%) slid 2.8% to CYP 1.06, while the Popular Bank (17.9% of the turnover) lost 2% to CYP 0,99. The Hellenic Bank slipped 1.5% to 66 cents (7.2 of the total volume), while BOCw slumped 6.7% to 12.6 cents (2.9% of the turnover).

Aristo Developers and Era Split Income have experienced a considerable turnover of 9.6% and 9.4% respectively. Specifically, ARD fell 1% to 29.7 cents, while ESI remained unchanged to 14.5 cents.

Overall, 16 securities went up, 67 fell and 20 remained unchanged.

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