Stocks hit new low

STOCK prices hit another new low yesterday as the all-share index dropped to 90 points, a 1.24 per cent fall. Volume for the day was only £573,000, while the blue chips FTSE fell 0.99 per cent to 385 points.

For the second day in a row trading opened under the previous day’s close and continued to slide without any respite. Only 19 titles recorded gains compared with 56 decliners and 70 that closed unchanged.

The stock market has fallen more than 700 points since November 1999.

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.