On the last trading session of April 2006 , the General Index reached 2.689,31 points, representing a relative increase of 9,26 %. The value of shares traded also exhibited a decrease of 29,34 % compared to the previous month.
It is worth mentioning however, that the highest level the index reached for the month was 2.729,06 points. The other Market Indices reached the following levels: Main Market reached 2.743,65 , Parallel Market 1.188,89 , Alternative Market 1.158,06 , Investment Companies 1.579,49 points. On a sectoral level, sub-indices reached the following levels: Banking sector 3.015,04 , Hotels 1.276,21 , FTSE/CySE20 915,27 and finally the FTSE Med 100 reached 10.263,32 points.
The market capitalisation of shares (excluding Investment Companies Market) reached £4,58 billion. According to this month’s results, the Main Market accounted for 51,19 % of the total market capitalisation, the Parallel Market 2,11 %, the Alternative Market 6,65 %, the Investment Companies Market 2,46 % and the Bond Market 37,20 %. Moreover the total market capitalisation, including the Investment Companies Market, Warrants and the Bond Market reached £7,639 billion compared to £7,361 billion the previous month, registering an increase of 3,77 %.
The total value of transactions during the month in review reached £70,86 million, with an average of 4,2 million per trading session. The Financials sector contributed 77,12% to the total value traded, which was the highest, whereas the Government Bonds sector had the lowest contribution with 0,01% . Investors primarily focused their interest on the shares of “ Bank of Cyprus Public Company Ltd ” and “ Cyprus Popular Bank Public Company Ltd ” with 42,77 % and 14,94 % respectively.
Listed Companies news
On the 5th of April 2006, the CSE Council announced that the issued share capital of Liberty Life Insurance Public Company Ltd, which stood at £6,023,684 divided into 30,118,421 shares of nominal value £0.20 has been reduced based on a court decision to £3,011,842.10 divided into 30,118,421 shares of nominal value £0.10. The above change had been effective from Tuesday, April 11, 2006.
On the 6th of April 2006, the CSE Council announced that pursuant to Article 58(1) of the CSE Law, it has accepted the listing of 216,686,668 ordinary shares of nominal value 50 cents each of “White Knight Holdings Public Company Ltd” in the Alternative Market. The above titles started trading on Thursday, April 13, 2006.
On the 10th of April 2006, the CSE Council announced that it has accepted the listing of 51,056,624 nil-paid rights of the Cyprus Popular Bank Public Company Ltd, pursuant to Article 58(I) of the CSE Law. The nil-paid rights were allocated at a ratio of 1 right for every 6 existing shares of nominal value £0.50 cents. Each right exercised will be converted into a fully paid share of nominal value £0.50. The exercise price has been set at £1.20. The trading will commence on May 3, 2006 and will end on May 23, 2006 (both dates inclusive). The trading of the shares that will result from the exercise of rights will commence on July 7, 2006.
On the 11th of April 2006, the CSE Council announced that the titles of Multichoice (Cyprus) Public Company Ltd would start trading on Wednesday, April 12, 2006 following the approval of the Public Offer Document by “Lumiere TV Public Ltd” for the acquisition of a minimum 40% and a maximum 100% of the issued share capital of Multichoice (Cyprus) Public Company Ltd.The Public Offer Document is available at the CSE web-page(www.cse.com.cy).
On the 17th of April 2006, the CSE Council announced that pursuant to Article 58 of the CSE Law, it has accepted the listing of 9,103 ordinary shares of the “Hellenic Bank Public Company Ltd”, which have resulted from the exercise of American Type warrants of 2003/2007. The trading of the above titles started on April 19, 2006.
On the 18th of April 2006, the Cyprus Stock Exchange announced the suspension of trading of the titles of “G & K Exclusive Fashions Public Company Ltd” from Wednesday, April 19, 2006 to Wednesday, April 26, 2006 (inclusive) after the Company's request in view of the reverse split of the nominal value of its shares from 0.10 cents to 0.40 cents, which took place on Thursday, April 20, 2006 (record date). This decision was taken pursuant to Article 183 of the CSE Law for the protection of the investing public.
On the 20th of April 2006 the CSE Council after examining the request of “Lanitis Bros Public Ltd” regarding the dispersion of its share capital following the successful public offer by 3E (Cyprus) Ltd and since there is no longer requirement for listing and constant obligation on the dispersion of the share capital to the public, the CSE Council in agreement with the SEC decided to delist its titles from the CSE on Thursday, April 27, 2006, pursuant to Article 178 of the CSE Law.
On the 27th of April 2006, the CSE Council announced that pursuant to Article 58 of the CSE Law, it has accepted the listing of 13.499.950 ordinary shares of “Dimco Public Company Ltd”, which were offered as a bonus to the company’s shareholders registered on April 5, 2006 (record date), to the ratio of 1 bonus share for every 2 existing shares. The trading of the above shares started on April 28, 2006.
On the 27th of April 2006, the CSE Council announced that the issued share capital of «G & K Exclusive Fashions Public Company Ltd», which stood at £2.679.177 divided into 26.791.771 shares of nominal value £0,10, after the reverse split (increase of shares nominal value from £0.10 to £0.40) of April 20, 2006, is now £2.679.177 divided into 6.697.943 shares of nominal value £0,40. The above change has been effective since April 27, 2006.
On the 28th of April the CSE Council announced the transfer of titles of the company “Isxi Investment Public Ltd” from the “Special Trading Category” to the Investment Companies Category as from Tuesday, May 2, 2006.
On the 28th of April 2006, the Cyprus Stock Exchange announced that the trading of “Leda Investment Public Company Ltd” titles would be suspended from Tuesday, May 2, 2006 until Friday, May 5, 2006 (inclusive) following the Company’s request for a smoother completion of the transfer of shares offered by the acceptors of the offer to Mr Konstantino Velani and the dispatch of cheques as an exchange to the acceptors. The suspension of trading was deemed necessary to avoid any mistakes during the procedure. This decision was taken pursuant to Article 183 and 184 of the CSE Law for the protection of the investing public.
CSE Announcement concerning FTSE/CySE20 Index
On the 18th of April 2006, the CSE, following the decision of the FTSE/CySE20 Advisory Committee, announced the replacement of «Lanitis Bros Public Ltd» with «Options Cassoulides Public Company Ltd» in the FTSE/CySE20 Index. The inclusion of the titles of the new constituent in the Index started on Wednesday, April 19, 2006. The decision for the replacement of the above constituent in the Index was taken pursuant to Paragraph 6.1.1 and 6.4.1 of the Ground Rules for the Management of the FTSE/CySE20 Index, which concerns the constituent removal from the index where a suspension of a constituent lasts for more than 30 calendar days and its replacement by a security ranking highest in full market capitalization from the reserve list. «Options Cassoulides Public Company Ltd», has the highest ranking in full market capitalization of the constituents companies presented in the Reserve List as was announced on Wednesday 9, November 2005 by the FTSE/CySE20 Advisory Committee.
Members News
On the 12th of April 2006, the CSE published the decision of the Board of Directors of the Greek Securities and Exchange Commission concerning those who passed the written examination for the certification of the stock exchange representatives, carried out on 26/2/2006 at the CSE office. According to the Greek SEC, the appointment of someone who passed the exams as a stock exchange representative is not automatic but it is subject to the SEC’s approval, as soon as the employing company submits the relevant application along with the required documents.