Still at 86 pts…
Still at 86 pts…
17/9/2002 12:28
Great losses for ANS and ACS

Despite the fact that during the session the Cyprus Stock Exchange had profits, the general index finally ended at 85.9 points on Tuesday with negligible losses. Unlike CSE general index, FTSE20 ended with profits 0.3% closing at 344 points while banks suffered marginal losses of 0.1%.

Today’s volume reached 404 thousand pounds with banks concentrating more than 1/3. The most marketable share today with a turnover of 18.1% of the total volume was the Popular Bank that closed at 1.10 pounds and had small losses of 0.9%, followed by the Bank of Cyprus with 12.4% and Tsokkos hotels with 8.5% of the total marketability. BOC raised 0.8% reaching 1.29 pounds, while TSH had profits 0.7% closing to 15.4 cent. Libra’s LBHG bonds closed to 30 cent with a turnover of 6% and profits of 0.7%.

A. Panayides and Louis securities concentrated considerable volumes, 4.4% and 4.3% equally. APC closed at 45.9 cents with profits 0.4%, while LCL fell to 14.3 cents with losses 0.7%. The Hellenic Bank attracted only 3.3% of the trading volume and remained stable at 72 cents.

Avacom Net and Avacom Computer returned back to the trading floor and suffered huge losses that reached 17.3% and 10.4%. The two companies that closed to 4.3 cent each with a turnover of 5.2% (ANS) and 4.4% (ACS) have been suspended since last Thursday in order to have time “to inform investors in the face of trading” of ANS “about a possible acquisition of majority stake by another Organization”.

36 securities went up, 37 fell and 24 remained stable.

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