26/05/2004 13:09
The CSE general index dropped 0.9% to 79.4 points on Wednesday (intraday losses to 79.2 points), which is slightly above the low of April 22. Similarly, FTSE ended 0.6% lower at 352.2 points.
The Popular Bank, which yesterday announced its first quarter results for 2004 (increased profits by 37.8%), fell 1.7% or 2 cents to £1.18. Despite the significant increase in profits, which stood at £19.7 million, there was a significant increase in the operating expenses by 10.9%. According to the results, provisions for bad debts reached £11.5 million, recording an increase of 25.9% compared to the corresponding period of 2003.
The Bank of Cyprus remained unchanged at £1.48.
The trading volume hardly totaled £251 thousand, 18.9% of which was attracted by the Bank of Cyprus, 16.1% by the Popular Bank, 9.4% by SFS, 7.1% by Hadjiioannou Farm and 5.6% by the Hellenic Bank. SFS remained unchanged at 5.9 cents, FRH lost 4.3% to 6.7 cents and HB slipped 0.8% to 48.5 cents.
In the financial sector, SAFS slumped 13.2% to 3.3 cents, absorbing 0.8% of the turnover.
Overall, 14 securities went up, 47 fell and 20 remained unchanged.
The Popular Bank, which yesterday announced its first quarter results for 2004 (increased profits by 37.8%), fell 1.7% or 2 cents to £1.18. Despite the significant increase in profits, which stood at £19.7 million, there was a significant increase in the operating expenses by 10.9%. According to the results, provisions for bad debts reached £11.5 million, recording an increase of 25.9% compared to the corresponding period of 2003.
The Bank of Cyprus remained unchanged at £1.48.
The trading volume hardly totaled £251 thousand, 18.9% of which was attracted by the Bank of Cyprus, 16.1% by the Popular Bank, 9.4% by SFS, 7.1% by Hadjiioannou Farm and 5.6% by the Hellenic Bank. SFS remained unchanged at 5.9 cents, FRH lost 4.3% to 6.7 cents and HB slipped 0.8% to 48.5 cents.
In the financial sector, SAFS slumped 13.2% to 3.3 cents, absorbing 0.8% of the turnover.
Overall, 14 securities went up, 47 fell and 20 remained unchanged.
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