-BOC: hit new three year low again – Monthly losses of 10.6%

-Pre-agreed packages for DOD and FIA

During the first session of the week, the CSE general index finished with losses of 0.4% at 84.5 points and recovering only within the last five minutes, as losses during session reached 1.4%.

FTSE20 – mostly influenced by banks that suffered losses of 1.2% - experienced losses of 1.2% closing at 326.1 points, while the Bank of Cyprus dropped to a new three year low at CYP 1.18.

During the month of September, the CSE general index experienced considerable losses of 3.5% behind 3.06 points (August closed at 87.5 points). Losses of the FTSE 20 index were even greater for the month reaching 7.1%, losing 25 points.

In the Banking sector, the Bank of Cyprus warrant accumulated losses of 28.8% and closed at 17.8 cents (August closing: 25 cents), while the Bank of Cyprus experienced losses of 10.6%. The Popular Bank and the Hellenic Bank reduced their monthly losses to 3.6% and 2.8% respectively.

Unlike September 2001 (total volume CYP 92 million) and September 2000 (total volume CYP 514 million) September’ s 2002 total turnover reached only CYP 10.2 million.

Today’s volume was CYP 568 thousand, while 1/3 of the total volume was the result of the pre-agreed packages of Dodoni and Finikas. Specifically, DOD – with the largest turnover of the day, 23.9% and three pre-agreed transactions that totaled CYP 134.000 - closed at 3.8 cents remaining unchanged, while FIA – with turnover 9.9% and two pre-agreed packages that totaled CYP 56 thousand – fell to 40 cents and had the worst performance of the day (-9.1%).

The Bank of Cyprus concentrated the second largest turnover (20.3% of the total volume), while the Hellenic Bank - with marketability 8.9% and losses of 1.4% - closed at 70 cents. Finally, the Popular Bank – with marketability 5.9% and losses of 0.9% - closed at CYP 1.08.

Overall, 35 securities went up, 49 fell and 15 remained stable.