CSE trading marks record new low

THE CYPRUS Stock Exchange resumed its downward slide yesterday, marked by the lowest trading volume in the past 18 months and losses amounting to 0.99 per cent – with the General Index flirting with the 200 mark all day before closing at 200.9. The FTSE Index likewise closed on a downward trend, with losses amounting to 0.85 per cent.

Bank of Cyprus was the day’s most active share in terms of volume, with 13.5 per cent of the day’s total turnover. BoC closed down 0.35 per cent at £2.82 per share.

The Banking sector showed losses amounting to 0.58 per cent with a small percentage of total trading volume. Cyprus Popular Bank (CPB) finished closed at £2.27, down 0.873 per cent, while Hellenic Bank (HB) lost 2 cents to £1.21.

Farm Renos Hatzioannou (FRH) climbed by 9.06 per cent in normal volume, making it the day’s leading share, while Cyprus Pipes Industries (CPI) was the main loser, dropping 10.46 per cent and ending at 214 cents.

Altogether, 30 firms saw gains, 81 saw no change and 102 registered losses in their prices on the day’s trading.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.