The Cyprus Stock Exchange recorded significant losses during the first trading session of March, as investors reacted to developments in the Middle East with increased selling pressure. The General Index declined by 3.84%, closing at 278.54 points, while daily turnover rose to €2,412,877.
Losses were recorded across all major indices, reflecting broad-based market weakness.
Performance of main indices
The FTSE/CySE 20 Index fell by 2.86%, ending the session at 167.46 points.
The Main Market Index dropped by 3.79%. The Investment Companies Index declined by 2.65%, the Hotels Index fell by 3.62%, and the Alternative Market Index recorded losses of 3.42%.
Trading activity and leading stocks
The shares of Bank of Cyprus attracted the highest investment interest, with transactions amounting to €2,036,726. The stock closed at €8.94, marking a decline of 3.04%.
They were followed by Vassiliko Cement Works, with €140,201 in transactions and a drop of 3.88%, closing at €4.46.
Demetra Holdings recorded €44,914 in turnover, declining by 2.71% to close at €1.435.
Cyprus Cement Company saw transactions of €36,584, with the share price down 2.26% to €1.30.
LORDOS HOTELS (HOLDINGS) registered €35,700 in transactions, closing unchanged at €0.21.
Of the shares traded, one moved higher, 16 declined and three remained unchanged. The total number of transactions reached 648.
Source: CNA