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Monday, September 25, 2023

The stock market continues to stabilize at the level of 116 points

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The General Index closed on Monday at 116.05 points, registering a negligible increase of 0.12%

ΣυνεχΙζει τη σταθερ οποΙηση στο επΙπεδο των 116 μοναδων &tau ;ο Χρηματιστorριο

The stabilization course at the level of 116 units that it has been showing since last Wednesday was continued at the beginning of the new week by the Cyprus Stock Exchange. The General Index closed on Monday at 116.05 points, registering a negligible increase of 0.12%.

The FTSE/CySE 20 Index closed at 70.17 points, registering an increase of 0.13%. The total value of the transactions amounted to €644,252, of which €414,799 concerned transactions for the Bank of Cyprus share and €203,263 for the Logicom share.

All individual stock market indices moved upwards. The Main Market rose by 0.28%, the Alternative Market by 0.23%, Investment Companies by 0.90% and Hotels by 1.50%.

The biggest investment interest was attracted by the shares of Bank of Cyprus with €414,799 (down 0.70% – closing price €2.84), Logicom with €203,263 (up 1.82% – closing price €2.24), Cement Factory Vasilikou with €15,843 (up 0.74% – closing price €2.74), Cyprus Cement Company with €4,238 (no change – closing price €0.62) and Dimitra Investments with €3,864 (up 0.95% – closing price €0.53).

Of the shares traded, 4 moved up, 1 down and 3 remained unchanged. The number of transactions reached 90.

In addition, the Stock Exchange Council announced that it has decided to remove the price fluctuation limits for one trading day of the shares of the listed company Theon International Plc.

It adds that this decision was taken at the request of the issuer, as provided in the above Regulation, following the submission of a relevant valuation report prepared by an independent company.

The CSE Council reports that it reached the above decision, taking into account the issuer's latest financial results for the year ended 12/31/2022 and the above independent valuation report, in order to prepare the pending transactions in relation to the issuer's request.

The removal of the price fluctuation limits will only be valid during the stock market meeting to be held on July 21, 2023.

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Source: www.kathimerini.com.cy

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