articles | 27 February 2014

Cyprus Stock Exchange to promote Cyprus as regional financial centre

To boost economic growth, the CSE is adopting a new strategy focusing on the further development of enterprises through its market mechanisms.

In a bid to contribute to economic growth, the Cyprus Stock Exchange (CSE) promotes new initiatives to create new and additional jobs.With the negative effects of the financial crisis, the CSE is adopting a new strategy, focusing on the enhancement of further development of enterprises through its market mechanisms. It also wants to provide market participants, new markets, products and differentiated services and attract new investments, while also reducing bureaucracy.

Some of the projects the CSE is developing include: a change in the CSE legislative framework to allow registration and listing on the Exchange Collective Investment Funds, through the operation of a Commodities Exchange. It has already submitted a number of recommendations to the relevant authorities.

Facts and Figures for January 2014

On the last trading session of January 2014, the General Index reached 104,83 points representing a 1.47% increase from December 2013. The value of shares traded exhibited a decrease of 61.64%. Meanwhile the total trading volume was €16.73million. The Corporate Bonds sector contributed 46.16% to the total value traded. Investors focused their interest on shares of Hellenic Bank Public Company Ltd and Logicom Public Ltd.

Brief History on CSE

The CSE began operating as a Legal Entity in 1996. Its main participants are Members of the Stock Exchange, custodians, issuers as well as investors. The CSE is managed by its board appointed by the government. The CSE offers a spectrum of products and services such as Listing of Securities (shares, bonds, rights, warrants), Trading and Securities and the Clearing and Settlement of Transactions.

Source: Cyprus Stock Exchange

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