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Thursday, October 5, 2023

CSE posted losses for the third day in a row

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Daily turnover decreased to €127,847, of which 95% in Bank of Cyprus securities

ΖημιΕς για τρΙτη συνεχ ομενη μερα παρουσΙασε το ΧΑΚ

Losses for the third consecutive session were recorded by the Stock Market on Thursday, with the General Index retreating to 115.76 recording a daily loss of 0.33%.

Losses of 0.31% were presented by the FTSE Index/CySE 20, closing at 70 points (70.01). The daily turnover decreased to €127,847, of which 95% in Bank of Cyprus securities.

The individual stock market indices presented a mixed picture. Hotels recorded gains with 1.12%, and the Alternative Market with 0.08%. On the contrary, the Main Market showed losses of 0.31%, while the Investment Companies sector showed no change.

The Bank of Cyprus securities attracted the most investment interest with €122,102 (up 0.72% – closing price €122,102). The shares of Hellenic Bank followed with €4,450 (down 2.60% – closing price €1.87), KEO PLC at €3,980 (up 1.28% – closing price €1.58), Lordos Hotels (Holdings ) with €1,876 (no change – closing price €0.83) and of Demetra Holdings with €1,676 (no change – closing price €0.54).

Of the shares traded, six moved up, two down and five remained unchanged. The number of transactions was limited to 53.

Meanwhile, the CSE ratified in its recent session the decision to continue the suspension of the trading of the securities of the company ALL Invest Securities Ltd, as announced on July 18, 2023. It is recalled that the continuation of the trading suspension will last for a maximum of 2 months ( i.e. until September 19, 2023) or sooner if the company complies with its outstanding continuing obligations as already announced.

Besides, the CSE announced the continuation of the suspension of trading of the securities of The Reputation Exchange Plc (N.E.A. Agora), for an additional two (2) months, i.e. until October 2, 2023. This decision was taken in accordance with Article 185 of the Law on Securities and the Cyprus Stock Exchange, as long as the reasons that require the continuation of the suspension of trading of the securities of the company in question still exist, due to: (a) non-compliance with the obligation for Clearing Agency services, (b) non-compliance compliance with the obligation for the services of an Introduction Consultant and (c) non-submission and publication of the Annual Financial Report for the year ending on 12/31/2022.

It is understood that if during the trading suspension the company complies with its above continuing obligations, then the trading suspension will be lifted.

Finally, the Stock Exchange announced that it has accepted the listing on the Stock Exchange in accordance with Article 58(1) of the Cyprus Securities and Stock Exchange Law, of 11,150 13-Week T-bills of the 7th edition, Series 2023 (28/07/2023 – 27/10/2023) nominal value €1000 each, total value €11,150,000, which have resulted from an auction held on July 24, 2023. The Stock Exchange has also accepted the simultaneous entry of these Notes into the Central Depository and Central Registry in accordance with the provisions of subsections (1) and (3) of Article 10 of the Cyprus Securities and Stock Exchange (Central Depository and Central Securities Registry) Laws. Their issue date is July 28, 2023.

The trading code of the above securities that will be introduced to the Bond Market will be ΓΡ13Η23/ΤΒ13G23 and the unique ISIN code CY0240610812. The Notes in question bear no interest. Their negotiation will begin on Friday, July 28, 2023.

Source: www.kathimerini.com.cy

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