17/12/2012 13:10
The CSE is suffering great losses on Monday, with investors focusing on the recapitalization of the banks and the government’s effort to secure cash from the pension funds of the semi-governmental organizations.
Bank of Cyprus is under strong pressure in the aftermath of the publication of the Central Bank’s letter, requiring a renewal of the Board members.
Meanwhile, the House Finance Committee’s session on the state borrowing from the pension funds is in progress. General Manager of the Finance Ministry, Christos Patsalides stated that “if the state fails to secure €250-€300 million in the next few days, it will go on to a default”.
The negative climate in the market is further boosted by the problems of Orphanides Supermarkets.
Today, the company suspended the operation of 10 super markets due to a shortage in products while it expects banking injection to continue.
The CSE general index tumbled 6.56% to 113.58 points (last seen on October 4), while FTSE 20 is down 6.04% to 43.87 points.
Bank of Cyprus in the CSE dives 8.24% to €0.245 concentrating €378.6 thousand of the volume, while in Athens the stock is suffering losses of 8.65% to €0.243 with a turnover of €1.1 million.
CPB in the CSE declines 4.08% to €0.047 absorbing €105 thousand of the investors’ interest, while in Athens the share is down 4.17% to €0.046 with a turnover of €171 thousand.
Hellenic Bank falls 3.39% to €0.171.
Overall, 5 securities go down, 3 surge and 4 remain unchanged.
ASE
The Athens Stock Exchange goes down too amid the government’s effort to boost liquidity. Today, Prime Minister, Antonis Samaras met with representatives of 13 multinational companies active in the country at Maximou Mansion in the presence of Messrs. Stournaras, Hadjidakis, Mitarakis.
According to sources from Greek media, Mr. Samaras sent the message that the government is determined to make all necessary structural changes, giving special emphasis to the creation of new jobs.
The general index drops 0.99% to 848.53 points, while FTSE loses 2.24% to 292.01 points.
The trading volume amounts to €33.5 million.
OTE is the most active stock of the day with €4.5 million. The share is at €4.88 and at +0.83%.
In Europe, the markets are recording losses for the third consecutive day on concerns that US legislators will not reach an agreement on the budget before Christmas holidays. The negative climate was offset by the election of a party in Japan that backs more financial support.
Paris falls 0.76%, Frankfurt decreases 0.27% and London is down 0.61%.
Bank of Cyprus is under strong pressure in the aftermath of the publication of the Central Bank’s letter, requiring a renewal of the Board members.
Meanwhile, the House Finance Committee’s session on the state borrowing from the pension funds is in progress. General Manager of the Finance Ministry, Christos Patsalides stated that “if the state fails to secure €250-€300 million in the next few days, it will go on to a default”.
The negative climate in the market is further boosted by the problems of Orphanides Supermarkets.
Today, the company suspended the operation of 10 super markets due to a shortage in products while it expects banking injection to continue.
The CSE general index tumbled 6.56% to 113.58 points (last seen on October 4), while FTSE 20 is down 6.04% to 43.87 points.
Bank of Cyprus in the CSE dives 8.24% to €0.245 concentrating €378.6 thousand of the volume, while in Athens the stock is suffering losses of 8.65% to €0.243 with a turnover of €1.1 million.
CPB in the CSE declines 4.08% to €0.047 absorbing €105 thousand of the investors’ interest, while in Athens the share is down 4.17% to €0.046 with a turnover of €171 thousand.
Hellenic Bank falls 3.39% to €0.171.
Overall, 5 securities go down, 3 surge and 4 remain unchanged.
ASE
The Athens Stock Exchange goes down too amid the government’s effort to boost liquidity. Today, Prime Minister, Antonis Samaras met with representatives of 13 multinational companies active in the country at Maximou Mansion in the presence of Messrs. Stournaras, Hadjidakis, Mitarakis.
According to sources from Greek media, Mr. Samaras sent the message that the government is determined to make all necessary structural changes, giving special emphasis to the creation of new jobs.
The general index drops 0.99% to 848.53 points, while FTSE loses 2.24% to 292.01 points.
The trading volume amounts to €33.5 million.
OTE is the most active stock of the day with €4.5 million. The share is at €4.88 and at +0.83%.
In Europe, the markets are recording losses for the third consecutive day on concerns that US legislators will not reach an agreement on the budget before Christmas holidays. The negative climate was offset by the election of a party in Japan that backs more financial support.
Paris falls 0.76%, Frankfurt decreases 0.27% and London is down 0.61%.
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