5 ½ month high
10 cents rise for BOC!
Remarkable performance +25% for BOCw
The CSE general index surpassed the level of 100 points today reaching the remarkable 101.1 points – last seen on May 15 – and gaining 7.3% (!).
Similarly, FTSE20 – mostly influenced by the banking sector that attracted 40% of the total volume – reported a 7.2% raise to 382.3 points.
The main characteristic of today’s session was the climate of euphoria and the heavy trading volume that totaled CYP 3.27 million.
Stockwatch has contacted the Head of Stock Exchange Trading of Marketrends, Mr. Gavriel Styllas. Mr. Styllas said that the continual and spectacular rises of the CSE are due to mainly tree factors: 1.respond to high hopes that Cyprus partition problem will be settled soon and the Cyprus accession in the EU, 2. the considerable and extended fall of the CSE and 3. its stabilization to 80 and 90 points during the last two months.
Mr. Styllas sees CSE’s last few days as a “small ‘99”, that, so long as there are several corrections, it is possible that it will be continued.
It is worth mentioning that since October 10, the CSE general index has risen by 27.5% (!), FTSE20 by 28.1%, the Bank of Cyprus by 31.1%, the Popular Bank by 25.3%, the Hellenic Bank by 24.2%, while the Bank of Cyprus warrants have risen by 188%!
The Bank of Cyprus was the most marketable stock of the day (13.5%) reporting gains of 7.8% or 10 cents and reaching CYP 1.39. The Popular Bank surged 5.1% or 6 cents to CYP 1.24, BOCw with 8.4% of the turnover recorded remarkable gains of 25.5% to 36.4 cents, while the Hellenic Bank with 7.5% of the turnover climbed 5.1% or 4 cents to 82 cents. The other daily volume leader was Louis (3.7% of the total volume) closing 12.1% higher at 18.5 cents.
The insurance, financial and computing sectors contributed heavily to today’s gains with +17.8%, +12.1% and +10% respectively. As far as insurance sector is concerned, Minerva (0.7% of the total volume) ended up 20.9% higher to 10.4 cents, while Liberty (0.4% of the turnover) was up 24.6% to 36 cents. In the information sector, Avacom Computer and Global (2.6% and 0.8% of the total volume) rose 9.1% and 11.4% to 4.8 and 9.8 cents respectively. As for the financial sector, Marketrends with 0.9% of the turnover soared 20% to 4.8 cents, SAFS with 1.5% of the turnover gained 19.7% closing at 9.1 cents, Laiki Investments with 1.5% of the volume added 14.7% to 17.2 cents and Sharelink with 1% of the turnover put on 12.8% to 10.6 cents.
CLR Investments (+18.2%), Hadjiioannou Farm (+16.1%) and Aiantas Investments (+13%) were among the good performers of the day.
Overall, 137 securities went up, 9 fell and 8 remained unchanged.
10 cents rise for BOC!
Remarkable performance +25% for BOCw
The CSE general index surpassed the level of 100 points today reaching the remarkable 101.1 points – last seen on May 15 – and gaining 7.3% (!).
Similarly, FTSE20 – mostly influenced by the banking sector that attracted 40% of the total volume – reported a 7.2% raise to 382.3 points.
The main characteristic of today’s session was the climate of euphoria and the heavy trading volume that totaled CYP 3.27 million.
Stockwatch has contacted the Head of Stock Exchange Trading of Marketrends, Mr. Gavriel Styllas. Mr. Styllas said that the continual and spectacular rises of the CSE are due to mainly tree factors: 1.respond to high hopes that Cyprus partition problem will be settled soon and the Cyprus accession in the EU, 2. the considerable and extended fall of the CSE and 3. its stabilization to 80 and 90 points during the last two months.
Mr. Styllas sees CSE’s last few days as a “small ‘99”, that, so long as there are several corrections, it is possible that it will be continued.
It is worth mentioning that since October 10, the CSE general index has risen by 27.5% (!), FTSE20 by 28.1%, the Bank of Cyprus by 31.1%, the Popular Bank by 25.3%, the Hellenic Bank by 24.2%, while the Bank of Cyprus warrants have risen by 188%!
The Bank of Cyprus was the most marketable stock of the day (13.5%) reporting gains of 7.8% or 10 cents and reaching CYP 1.39. The Popular Bank surged 5.1% or 6 cents to CYP 1.24, BOCw with 8.4% of the turnover recorded remarkable gains of 25.5% to 36.4 cents, while the Hellenic Bank with 7.5% of the turnover climbed 5.1% or 4 cents to 82 cents. The other daily volume leader was Louis (3.7% of the total volume) closing 12.1% higher at 18.5 cents.
The insurance, financial and computing sectors contributed heavily to today’s gains with +17.8%, +12.1% and +10% respectively. As far as insurance sector is concerned, Minerva (0.7% of the total volume) ended up 20.9% higher to 10.4 cents, while Liberty (0.4% of the turnover) was up 24.6% to 36 cents. In the information sector, Avacom Computer and Global (2.6% and 0.8% of the total volume) rose 9.1% and 11.4% to 4.8 and 9.8 cents respectively. As for the financial sector, Marketrends with 0.9% of the turnover soared 20% to 4.8 cents, SAFS with 1.5% of the turnover gained 19.7% closing at 9.1 cents, Laiki Investments with 1.5% of the volume added 14.7% to 17.2 cents and Sharelink with 1% of the turnover put on 12.8% to 10.6 cents.
CLR Investments (+18.2%), Hadjiioannou Farm (+16.1%) and Aiantas Investments (+13%) were among the good performers of the day.
Overall, 137 securities went up, 9 fell and 8 remained unchanged.
3287.99
1275.09
