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Significant CSE gains due to Cyprus Bank

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The CSE General closed at 111.24 units, recording significant gains of 1.22%

Σημαντικà κèρδη ΧΑΚ λ όγω Τρ. Κύπρου

The Cyprus Stock Exchange closed on Tuesday with a significant rise, supported by the significant gains of almost 4% of of Bank of Cyprus shares. The CSE General closed at 111.24 points, registering significant gains of 1.22%.

The FTSE/CySE 20 Index closed at 67.28 points, also up 1.22%. The value of the transactions amounted to 350,063 euros.

All individual indices closed with gains. The Main Market strengthened by 1.32%, the Alternative Market increased by 0.45%, Investment Companies increased by 0.93%, while Hotels closed with a gain of 0.69%.

The Bank of Cyprus share had the most marketability with a trading volume of 310,044 euros (closing price of 2.70 euros – increase of 3.85%), followed by the share of Hellenic Bank with a volume of 12,159 euros (closing price of 1.79 euros – 0 decrease .56%), Atlantic Insurance with a volume of €5,160 (closing price €1.72 – unchanged), Logicom with a volume of €2,981.30 (closing price €2.22 – unchanged), and Salamis Tours with a volume of 2,530 euros (closing price 2.30 euros – no change).

Of the shares traded, 6 moved up, 3 down and 8 remained unchanged. The number of transactions was 126.

In addition, the Stock Exchange announced the reclassification of the securities of CLR Investment Fund Public Ltd from the Surveillance Market to the Alternative Market of the Stock Exchange, in view of the fact that the reason why the company's securities had been reclassified has disappeared after the publication and publication of the Annual Financial of the Report for the year ended 31/12/2022.

Adds that the company's securities will be traded on the Alternative Market from Thursday, June 8, 2023.

It states that this decision was taken on the basis of Paragraph 2.2.5 of CCP 379/2014 (as amended).

Furthermore, the CSE states that the company's securities will continue to be presented with marking (S) in the daily price sheet and the trading tables, due to non-compliance with the continuous obligations for a minimum market value and a minimum number of Directors.

In addition, the CSE reports that its Council, in a recent session, ratified, based on Article 184 of the CSE Law, the decision to continue suspending the trading of the securities of the companies Elaine Securities Plc and The Meredith Property Group Plc, as had been announced on May 17, 2023.

Adds that the continuation of the trading suspension will last for 2 months (ie until July 19, 2023) or earlier if the companies comply with their outstanding continuous obligations, as already announced.

Furthermore, the CSE reports that its Council, in a recent session, ratified, based on Article 184 of the CSE Law, the decision to continued suspension of trading in the securities of Elaine Securities Plc and The Meredith Property Group Plc, as announced on 17 May 2023.

States that the continued suspension of trading will last 2 months (ie by 19 July 2023) or earlier if the companies comply with their outstanding continuing obligations as already announced.

Source: www.kathimerini.com.cy

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