DISTRIBUTED FREE OF CHARGE efrom the CSEcsesms.cse.com.cy/en/MarketData/Data/CSE_122009_en.pdf ·...

1

CSE MONTHLY ELECTRONIC EDITIONDECEMBER 2009 • ISSUE 155

DISTRIBUTED FREE OF CHARGE

briefing from the CSEe

Read on this edition

� The statistics of the marketin charts/tables

� CSE's activities anddecisions

� News of CSE's companies

Promote yourselves in our e-publication The CSE has completely reconstructed its on-linepublication in order to provide the best possibleinformation to market participants. This newsletter is sent electronically to thousands ofrecipients in Cyprus and abroad. In this context, the CSE has made provision for thepromotion of companies through advertising. Any company wishing to promote its products andservices through this new updated e-publication can contact the CSE Promotion onwww.cse.com.cyBusinesses can also advertise on the CSE website.

Contactthe CSE These are the CSE contact details: 71-73 Lord Byron Avenue 1096, Nicosia, CyprusP.O. BOX 25427Nicosia, 1309, CyprusTel. (357) 22 712300Fax: (357) 22 570308Email: [email protected]: www.cse.com.cy

CSE MARKET INDICES

Multilateral Trading Facilities (MTFs) are non-regulated

markets in which issuers’ financial instruments [shares,

derivatives, UCITS (mutual funds) etc] are traded and

transactions are executed. According to the provisions of the

Investment Services, the Exercise of Investment Activities, the

Operation of Regulated Markets and other related matters

Law 144(I)/2007, the definition given for MTF is ‘a multilateral

system operated by an IF or market operator, which brings

CONTINUED ON PAGE 6

By DemetrisConstantinouCSE’s Οfficer

Multilateral Trading Facilities

The Cyprus Stock Exchange had a newgreat success on a European level. FESEdecided unanimously to reelect the CSEDirector General-CEO, Mr.Nontas Cl. Metaxas asChairman of the Budget andAudit Committee andmember of its Board ofDirectors.

This great honor forCyprus occurred onTuesday, December 1, 2009in Brussels, where FESEheld a meeting of its Board.The unanimous reelection ofMr. Metaxas is recognition ofhis positive contributionduring the previous terms inoffice, while it will affect positively the CSE,whose role is boosted on a European level.

It is worth noting that FESE will be calledto deal with significant issues, such as the

upcoming restructuring of the institutionalframework of the EU for securities marketissues and the relevant directives. The

CSE, via Mr. Metaxas, willhave an important role inthe deliberations for thosesignificant issues. With thereelection of Mr. Metaxas,the CSE – despite its smallsize – will take part in thedecisions concerning thefuture of the stock market inEurope. It is noted that hisappointment in the Budgetand Audit Committee isbased on the service for theproposal of securitiesmarket issues, taking into

account their integrity and not on any othercriteria concerning the geographicaldistribution of the EU members, or any otherpolitical criteria.

CSE success in Europe after reelectionof Mr. Nondas Cl. Metaxas in FESE

2



This column containsinformation of the CSE marketfor the month in review andcovers the fluctuations of theindices of the various CSE’smarkets as well as the tradingvolumes.

On the last trading session of December2009 the General Index reached 1.597,23points, representing a relative increase of2,4% from the previous month. The value ofshares traded also exhibited a decrease of35,9% compared to the previous month.

It is worth mentioning however, that thehighest level that the General Index reachedfor the month was 1.707,94 points. Theother Market Indices reached the followinglevels: Main Market reached 1.617,40,Parallel Market 1.075,36, Alternative Market1.357,47, Investment Companies 952,36points. On a sectoral level, sub-indicesreached the following levels: Banking sector1.781,50, Hotels 661,53, FTSE/CySE20543,53 and finally the FTSE Med 100reached 1.976,76 points.

The market capitalisation of shares(excluding Investment Companies Market)reached €7,16 billion. According to thismonth’s results, the Main Market accountedfor 38,75% of the total market capitalisation,the Parallel Market 3,01%, the AlternativeMarket 7,83%, the Investment CompaniesMarket 1,11%, the Shipping Market 0,23%,the Special Category 0,12%, the Special

Characteristics Market 0,59% and the BondMarket 48,34%. Moreover, the total marketcapitalisation including the InvestmentCompanies Market, Warrants and the BondMarket reached €14,17 billion compared to€14,28 billion the previous month,registering a decrease of 0,72%.

The General Index reached1.559,23 points


CSE MARKET INDICES

MonthlyMarketOverview

IN DECEMBER 2009

Total trading volume was €63,6 m.The total value of transactions during the month in review reached€ 63,6 million, with an average of € 3,0 million per trading session.The Financials sector contributed 94,25% to the total value tradedwhich was the highest among all other sectors. Investors primarilyfocused their interest on the shares of “Marfin Popular Bank PublicCo Ltd” and “Bank of Cyprus Public Company Ltd” with 44,53% and32,20% of the total value respectively.

3




Decisions of the CyprusStockExchange This column presents thedecisions of the CSE’s Councilon various issues during themonth under review.

Listing of titles� Hellenic Bank Public Company Ltd. Onthe 4th of December 2009, the CSECouncil announced it has accepted the list-ing of 2,310,522 ordinary shares of HellenicBank Public Company Ltd, which havebeen issued as an exchange to the share-holders of Athena Cyprus Public Compa-ny Ltd for the shares that they held in theCompany at the activation of the squeezeout by Hellenic Bank Public Company Ltdpursuant to Article 36 of the Takeover BidLaw. The above titles started trading onTuesday, December 8, 2009.

� Libra Holidays Group Plc. On the 4thof December 2009, the CSE Council an-nounced that, it has accepted the listing of2,433,699 shares of Libra Holidays GroupPlc, which have resulted from the exerciseof 811,233 Rights. The above titles start-ed trading on Monday, December 7, 2009.

� Special Government Titles. On the 10thof December 2009, the CSE announcedthat it has accepted the listing of SpecialGovernment Titles of 3-year duration, withzero interest rate, of total value€2.201.000.000 of nominal value€1.000.000 each, which have been issuedto the banks as a security for the strength-ening of Cyprus Economy. The above ti-tles started trading on December 11 2009.

� 52-week Treasury Bills (11/12/2009 -10/12/2010). On the 15th of December2009, the CSE Council announced that ithas accepted the listing of 298,000 52-week Treasury Bills (11/12/2009 -10/12/2010) of nominal value €1000 each,of total value €298,000,000, which have re-sulted from an auction held on December9, 2009.

The above titles started trading on Wednes-day, December 16, 2009.

� Special Government Titles. On the 16thof December 2009, the Cyprus Stock Ex-change announced that it has accepted thelisting of 28 Special Government Titles ofnominal value €1,000,000 each of total val-ue €28,000,000, which have resultedfrom the issue of titles to a bank. The abovetitles started trading on Thursday, De-cember 17, 2009.

� Bank of Cyprus Public Company Ltd.On the 17th of December 2009, the CSECouncil announced that pursuant to Arti-cle 58 of the CSE Law it has accepted thelisting of 4,451,780 ordinary shares of “Bankof Cyprus Public Company Ltd”, which haveresulted from the Dividend ReinvestmentPlan. The above titles started trading onWednesday, December 23, 2009.

� Stario Portfolio Investments Public Com-pany Ltd. On the 21st of December 2009,the CSE Council announced that pur-suant to Article 58(1) of the CSE Law, it hasaccepted the listing of 102.917 ordinaryshares of “Stario Portfolio Investments Pub-lic Company Ltd”, which have resulted fromthe exercise of 38.478.538 rights. Theabove titles started trading on Monday, De-cember 28, 2009.

� Stario Portfolio Investments PublicCompany Ltd. On the 21st of December2009, the CSE Council announced that pur-suant to Article 58(1) of the CSE Law, it hasaccepted the listing of 102.917 ordinaryshares of “Stario Portfolio Investments Pub-lic Company Ltd”, which have resulted fromthe exercise of 38.478.538 rights. Theabove titles started trading on Monday, De-cember 28, 2009.

� 26-week Treasury Bills. On the 22nd ofDecember 2009, the CSE Council an-nounced it has accepted the listing of500.000 26-week Treasury Bills (4/1/2010– 5/7/2010) of nominal value €1000 each,of total value €500.000.000, which have re-sulted from an auction held on December16, 2009. The above titles started tradingon Tuesday, January 5, 2010.

� Empire Capital Investments Public Ltd.On the 23rd of December 2009, the CSECouncil announced that it has accepted thelisting of 41.886.645 ordinary shares of«Empire Capital Investments Public Ltd»which have been issued to the share-holders of Plaza Exclusive projects (P.E.P)Ltd for the acquisition of 100% of its sharecapital. Also the CSE Council decided totransfer the titles of Empire Capital In-vestments Public Ltd from the AlternativeMarket to the Special Characteristics Mar-ket. The titles of the company started trad-ing on Wednesday, December 30, 2009.

4





Company Ltd. On the 1st of December 2009, the Cyprus Stock Exchange announced

that “Aspis Liberty Life Insurance Public Company Ltd” has changed its name to “Liberty

Life Insurance Public Company Ltd”. The above change has been effective from Thursday,

December 3, 2009.

Renaming of Companies

Athena Cyprus Public Company Ltd. On the 17th of December 2009, the CSE Council

in agreement with the SEC decided to delist the securities of Athena Cyprus Public

Company Ltd. The above titles were delisted on Thursday, December 17, 2009.

Delisting of titles

Aqua Sol Hotels Public Company Ltd. On the 17th of December 2009, the CSE

announced that pursuant to Article 5 of the Regulatory Decision on the clearing and

settlement of transactions on dematerialized securities of the Central Registry and

Depository, following the acceptance of a Public Offer or the exercise of a squeeze out

(KDP 96/2008), any transaction in relation to the securities of Aqua Sol Hotels Public

Company Ltd not be possible. This is due to a request for a squeeze out by CISCO, which

has been approved by the Securities and Exchange Commission. The above decision has

been effective from December 21, 2009.

Suspension of trading

5





� Empire Capital Investments Public Ltd. On the 17th of December 2009, the CSE Coun-cil decided to transfer the titles of Empire Capital Investments Public Ltd from the Invest-ment Companies Market to the Alternative Market pursuant to Paragraph 2.2.8 ofKDP596/2005, which concerns the transfer of the issuer of the Investment Companies' Mar-ket to another market at its request. The above titles started trading in the Alternative mar-ket on December 23, 2009.

� Empire Capital Investments Public Ltd. On the 23rd of December 2009, the CSE Coun-cil decided to transfer the titles of Empire Capital Investments Public Ltd from the Alter-native Market to the Special Characteristics Market. The titles of the company started trad-ing in the Special Characteristics Market on Wednesday, December 30, 2009.

� CPI Holdings Public Ltd. On the 17th of December 2009, the CSE Council decided totransfer the titles of Empire Capital Investments Public Ltd from the Special Characteris-tics Market to the Alternative Market pursuant to Paragraph 2.2.5 of KDP326/2009, whichconcerns the transfer of companies to the Market that were trading before as long as thereasons that led to their transfer no longer exist. The titles of the company started tradingin the Alternative market on December 21, 2009.

Transfer of listed titles to different Market

� Within the framework of improvingthe services provided to investors,the Cyprus Stock Exchange informs in-vestors that in December 2009 , theCSE Service Department:

� Issued and printed 382 state-

ments for the details of the in-

vestors’ account

� Issued and printed 444 account

statements

� Issued and printed 173 pages of

the shareholders’ register of list-

ed companies.

� It served personally 40 investors

for specific disputes that they

had with regard to past trans-

actions, as well as various ques-

tions and queries on the opera-

tion of the Common Platform

and other clarifications on the

management of assets for de-

ceased people.

� The CSE urges the investors to ap-ply for subscription to the CSD On-linefor better access to the Central Reg-istry via the internet and to contact theService’s staff members, tel. 0035722712300.

Investor Service helpdesk

6





together or facilitates the bringing

together of multiple third-party buying and

selling interests in financial instruments -

in the system and in accordance with its

nondiscretionary rules - in a way that

results in a contract..’

The creation and parallel operation of

MTFs with the Stock Exchange, was

allowed in Cyprus in 2007 by the

application of the Directive of the

European Union on the Markets in

Financial Instruments Directive (MiFID),

according to the provisions of the

Investment Services Law 144(I)/2007 by

which MiFID was embodied at National

Law.

MTFs are created either by credit

institutions and Investment Firms (IFs)

and compete with the traditional Stock

Exchanges (Regulated Markets) in order

to acquire profits or by the administrators

of the traditional Stock Exchanges /

Regulated Markets in order to offer

alternative solutions to issuers and

investors, aiming to the provision of

services at a lower cost.

A basic characteristic of MTFs is that they

do not fall under the provisions that are

applied obligatorily to regulated markets,

but function with shorter procedures, as

well as fewer and less strict rules, for the

issuers that have financial instruments

listed on a MTF.

Companies that cannot apply the stricter

legislative framework of regulated

markets or which do not want to bear the

relatively higher cost of being listed in a

regulated market, have the opportunity

via the listing of their financial instruments

for trading on a MTF, alternatively to

attract financing.

MTFs can be separated, basically in two

general categories. In the first category, a

regulated market can operate a MTF with

a view to satisfy the differentiated issuers’

needs by the observation of a smaller

amount of obligations in comparison to

obligations that exist in a regulated

market. The Cyprus Stock Exchange

created the Emerging Companies Market

(E.C.M) during the last quarter of the year

2009, which falls into this category of

MTFs and has specified specific

conditions, which are definitely more

flexible than those in a regulated market.

However, a second category of MTFs

exists that is created by organizations,

other than Stock Exchanges offering

alternative solutions to issuers and

investors, aiming for the provision of

financial services at an even lower cost

than the cost at regulated markets.

Subsequently, the level of transparency

and control is much less than the level

provided in a regulated market. In this

category, the basic form of MTFs is the

"dark pools ". Dark pools are often shaped

by the order books of stockbrokers and by

other liquidity other than at the particular

market. Dark Liquidity represents orders

CONTINUED FROM PAGE 1

Multilateral Trading Facilities

CONTINUED TO PAGE 7

7





that are crossed with other orders without

being registered at the official order book.

Dark pools were created to minimise the

investor’s cost, but the decrease at the

cost will affect the level of transparency

and information to the investors.

Generally, the investors will be obliged to

demonstrate increased attention for

investment to securities that are traded

only on a MTF because of the level of

transparency that takes place,

undoubtedly is in less detail from that at

regulated markets. This is because the

issuers are in less control, in relation to

issuers whose securities are traded at

regulated markets and comply with

possibly a lower number of regulations in

number and quantity, which results that

the investment at the particular market to

include a higher risk in relation to the

regulated markets.

The Cyprus Stock Exchange (CSE)

having all the rules and regulations

approved, has proceeded to create and

operate a Multilateral Trading Facility, the

Emerging Companies Market (E.C.M),

which was created for dynamically

developing companies and appears to

attract particular interest. Already, the

CSE has announced a number of

Nomads that have been registered.

Nomads are an essential element for the

market and for the listing of companies in

the E.C.M, and during their application

phase, a number of applications by

companies for listing are being evaluated.

The CSE has placed certain conditions for

securities that will be trading at the

E.C.M, which are more flexible than those

currently applied at the Regulated Market

(Existing Markets of CSE). The

Regulatory framework for the new market

was determined by the Regulatory

Administrative Acts that were published

by the Council of the Cyprus Stock

Exchange regarding the Markets of the

Stock Exchange [Regulatory

Administrative Act 326/2009], which were

published in the Official Gazette of the

Republic on 15 September 2009 and

subsequently came into force on 30

September 2009.

CONTINUED FROM PAGE 6

9

20.000.000

18.000.000

16.000.000

14.000.000

12.000.000

10.000.000

8.000.000

6.000.000

4.000.000

2.000.000

0

2500

2000

1500

1000

500

0

Volu

me

(€)

Gen

eral

Inde

x

Main&Parallel Index Volume

07/0

9

08/0

9

09/0

9

10/0

9

11/0

9

12/0

9

Volume vs CSE General Price Index from July 2009 to December 2009

1.600

1.400

1.200

1.000

800

600

400

07/0

9

08/0

9

09/0

9

10/0

9

11/0

9

12/0

9

CSE Market Indices Performance since July 1st, 2009

1.600

1.400

1.200

1.000

800

600

400

07/0

9

08/0

9

09/0

9

10/0

9

11/0

9

12/0

9

FTSE/CySE 20 Index, CSE General Index Performance - since July 1st, 2009

FTSE CySE20 General Index

Parallel General Index Alternative Investments Banks

CSE’s factsand figures

December 2009 • Issue 155


10

MarketMain Shipping Parallel Alternative Investment Corporate Government Special Special Total

Companies Bonds Bonds Category Characteristics

Market Statistics

Listed CompaniesListed SharesTurnover (€)Securities tradedTrades

1111 11 1717 6969 1212 11 1111 66 1281281212 11 1818 7575 1313 1212 88 139139

58.474.36158.474.361 71.74171.741 1.075.2871.075.287 2.291.4422.291.442 903.327903.327 759.819759.819 11 33.28233.282 21.08321.083 63.630.34363.630.34327.434.70027.434.700 450.715450.715 12.391.06712.391.067 20.228.18020.228.180 3.147.8733.147.873 1.685.0071.685.007 100100 2.337.1632.337.163 197.999197.999 67.872.80467.872.804

17.04617.046 101101 819819 1.8561.856 879879 7878 11 159159 1111 20.95020.950

Month Transactions Volume Month Transactions VolumeSecurities Trad. (€) Securities Trad. (€)

Trading Statistics

Year Transactions VolumeSecurities Trad. (€)




02/11/2009 1.436 15.447.424 4.793.409 01/12/2009 1.802 6.045.395 6.072.19503/11/2009 1.796 17.182.332 6.914.490 02/12/2009 1.289 3.204.308 4.189.66804/11/2009 878 20.308.949 4.982.605 03/12/2009 1.615 4.176.779 5.611.99505/11/2009 1.007 1.995.519 3.810.889 04/12/2009 1.474 3.551.812 4.488.27406/11/2009 1.136 2.881.007 4.641.938 07/12/2009 762 1.775.441 1.885.58309/11/2009 872 6.142.850 2.961.519 08/12/2009 2.545 5.516.596 7.905.25510/11/2009 948 2.673.869 3.093.728 09/12/2009 1.960 6.769.688 5.591.06011/11/2009 732 2.413.055 2.460.583 10/12/2009 1.156 2.929.164 3.188.29212/11/2009 1.250 4.722.180 4.006.029 11/12/2009 1.334 2.474.737 3.247.03913/11/2009 647 3.624.180 2.427.461 14/12/2009 851 3.745.540 3.230.61116/11/2009 1.706 4.434.086 5.821.074 15/12/2009 521 1.391.307 1.347.69817/11/2009 968 6.219.099 2.306.509 16/12/2009 586 1.437.727 1.740.81018/11/2009 744 2.812.139 2.707.212 17/12/2009 557 4.866.028 1.878.28719/11/2009 766 4.180.451 1.909.051 18/12/2009 651 2.221.854 1.922.69320/11/2009 1.965 6.438.727 5.524.964 21/12/2009 675 2.084.012 1.611.63223/11/2009 1.238 4.886.385 3.799.048 22/12/2009 731 3.860.699 2.460.77524/11/2009 1.449 4.901.801 3.918.474 23/12/2009 547 3.418.374 1.267.86325/11/2009 2.976 9.962.832 8.555.218 28/12/2009 426 1.555.838 1.146.19126/11/2009 3.433 13.788.065 9.142.432 29/12/2009 438 1.472.093 1.185.97427/11/2009 3.237 9.950.465 10.838.600 30/12/2009 534 1.938.777 1.641.04730/11/2009 1.465 29.287.266 4.656.609 31/12/2009 496 3.436.635 2.017.401

21 30.649 174.252.681 99.271.843 21 20.950 67.872.804 63.630.343Average Daily 1.459 8.297.747 4.727.231 998 3.232.038 3.030.016

Yearly Average 2009 1.521 10.105.890 5.447.670

*Warrants are included in the Market where the listed shares of the companies are traded

11

Closing Yearly Highest Yearly Lowest Percentage Change31/12/2009 02/01/2009 30/11/2009

CSE Indices

Market Indices (base 3.09.2004=1000)General IndexMain Market IndexParallel Market IndexAlternative Market IndexInvestment Companies IndexSectoral Indices(base 3.09.2004=1000)BanksHotelsFTSE&CSE IndicesFTSE CySE 20 (base 30.11.2000=1000)FTSE/ATHEX-CSE BanksFTSE Med 100

1.597,23 2.100,98 20/10/2009 691,30 06/03/2009 44,98 2,401.617,40 2.135,93 20/10/2009 678,41 06/03/2009 48,00 2,481.075,36 1.402,49 21/05/2009 946,91 03/03/2009 -9,47 -1,381.357,47 1.597,97 07/01/2009 1.294,30 17/12/2009 -14,26 1,04

952,36 1.249,85 12/10/2009 607,46 12/03/2009 18,88 -4,92

1.781,50 2.353,08 20/10/2009 719,61 06/03/2009 52,20 2,57661,53 1.051,00 06/05/2009 533,99 03/03/2009 -19,19 -4,59

543,53 714,49 20/10/2009 240,18 06/03/2009 43,12 2,331.976,76 2.952,15 14/10/2009 881,12 09/03/2009 39,82 -7,147.266,95 7.963,95 14/10/2009 5.064,99 06/03/2009 32,83 3,35

Ecomonic Group* Volume Weight(€) %

Value of volume traded by sector

FinancialsConsumer ServicesIndustrialsConsumer GoodsTelecommunicationsTechnologyBasic MaterialsCorporate BondsGovernment BondsTotal

59.969.053 94,2461.697.337 2,667

217.409 0,342808.813 1,27141.007 0,064

122.604 0,19314.300 0,022

759.819 1,1941 0,000

63.630.343 100,00

Economic Group Transactions Securities Traded Weight%

Number of securities traded by sector

FinancialsConsumer ServicesIndustrialsConsumer GoodsTelecommunicationsTechnologyBasic MaterialsCorporate BondsGovernment BondsTotal

18.089 42.206.486 62,181.664 12.098.645 17,83

302 1.095.495 1,61429 7.196.316 10,6076 323.561 0,48

294 3.127.594 4,6117 139.600 0,2178 1.685.007 2,481 100 0

20.950 67.872.804 100




* FTSE Industry Classification Benchmark – ICB.

12




Sectoral and special indices performance on the Cyprus Stock Exchange during the month

Economic Group Weighting to value traded during the month

-18% -16% -14% -12% -10% -8% -6% -4% -2% 0%

CSE General Index (Main and Parallel)

Main Market

Parallel Market

Alternative Market

Investment Companies

Banks

Hotels

FTSE/ATHEX-CSE Banks

FTSE CySE 20

FTSE Med 100


Main Market

Parallel Market

Alternative Market


Banks

Hotels


FTSE CySE 20

FTSE Med 100

-5,51%

-5,62%

-0,38%

-9,30%

-15,43%

-5,45%

-0,48%

-5,56%

-4,59%

-3,28%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%


Main Market

Parallel Market

Alternative Market


Banks

Hotels


FTSE CySE 20

FTSE Med 100

Financials

Consummer Services

Industrials

Consumer Goods

Telecommunications

Technologoy

Basic Materials

Corporate Bonds

Government Bonds

94,25%

2,67%

0,34%

1,27%

0,06%

1,19%

0,00%

0,19%

0,2%

Th

13

30/11/2009 31/12/2009 % Δ Weight*(€) (€) %

Market Capitalisation by Market

MarketMain MarketParallel MarketAlternative Market Investment Companies MarketShipping Companies MarketSpecial Category MarketSpecial Characteristics MarketShares (Excluding Investment Market)WarrantsΒonds MarketCorporate BondsGovernment BondsTotal

5.354.207.7855.354.207.785 5.492.500.4585.492.500.458 2,582,58 38,7538,75

433.544.213433.544.213 427.190.684427.190.684 -1,47-1,47 3,013,01

1.096.064.1031.096.064.103 1.110.316.2341.110.316.234 1,301,30 7,837,83

199.236.931199.236.931 157.985.568157.985.568 -20,70-20,70 1,111,11

29.276.25129.276.251 33.179.75133.179.751 13,3313,33 0,230,23

17.676.53217.676.532 17.266.41017.266.410 -2,32-2,32 0,120,12

87.679.31987.679.319 82.993.70582.993.705 -5,34-5,34 0,590,59

7.018.448.2027.018.448.202 7.163.447.2417.163.447.241 2,072,07 50,5450,54

6.043.9996.043.999 6.022.7166.022.716 -0,35-0,35 0,040,04

1.656.388.2621.656.388.262 1.650.454.0461.650.454.046 -0,36-0,36 11,6411,64

5.402.057.6985.402.057.698 5.201.620.4635.201.620.463 -3,71-3,71 36,7036,70

14.276.131.09314.276.131.093 14.173.507.31714.173.507.317 -0,72-0,72 100100

Company Market Market Capitalisation Weight*(€) %

11 BANK OF CYPRUS PUBLIC COMPANY LTDBANK OF CYPRUS PUBLIC COMPANY LTD MainMain 2.943.126.0032.943.126.003 40,2040,20

22 MARFIN POPULAR BANK PUBLIC CO LTDMARFIN POPULAR BANK PUBLIC CO LTD MainMain 1.929.030.5981.929.030.598 26,3526,35

33 HELLENIC BANK PUBLIC COMPANY LTDHELLENIC BANK PUBLIC COMPANY LTD MainMain 369.592.580369.592.580 5,055,05

44 PANDORA INVESTMENTS PUBLIC LTD PANDORA INVESTMENTS PUBLIC LTD AlternativeAlternative 101.864.449101.864.449 1,391,39

55 VASSILICO CEMENT WORKS PUBLIC COMPANY LTD VASSILICO CEMENT WORKS PUBLIC COMPANY LTD ParallelParallel 86.323.13686.323.136 1,181,18

66 WOOLWORTH (CYPRUS) PROPERTIES PLCWOOLWORTH (CYPRUS) PROPERTIES PLC ParallelParallel 82.529.17682.529.176 1,131,13

77 WOODLAND DESIGNS PLCWOODLAND DESIGNS PLC AlternativeAlternative 81.901.26081.901.260 1,121,12

88 CYPRUS TRADING CORPORATION PLCCYPRUS TRADING CORPORATION PLC AlternativeAlternative 76.463.69576.463.695 1,041,04

99 VISION INTERNATIONAL PEOPLE GROUP PUBLIC LTDVISION INTERNATIONAL PEOPLE GROUP PUBLIC LTD AlternativeAlternative 75.000.00075.000.000 1,021,02

1010 DEMETRA INVESTMENT PUBLIC LTD DEMETRA INVESTMENT PUBLIC LTD Investment CoInvestment Co 66.000.00066.000.000 0,900,90

TotalTotal 5.811.830.8965.811.830.896 78,4878,48

Corporate Bonds Market Capitalisation Weight**(€) %

Market Capitalisation of Corporate Bonds

Shares with the largest market capitalisation at the end of the month

11 BANK OF CYPRUS PUBLIC COMPANY LTD – CONVERTIBLE CAPITAL SECURITIESBANK OF CYPRUS PUBLIC COMPANY LTD – CONVERTIBLE CAPITAL SECURITIES 671.140.935671.140.935 40,6640,66

22 MARFIN POPULAR BANK PUBLIC CO LTD – Capital SecuritiesMARFIN POPULAR BANK PUBLIC CO LTD – Capital Securities 242.229.000242.229.000 14,6814,68

33 Marfin Popular Bank Public Co Ltd – Capital SecuritiesMarfin Popular Bank Public Co Ltd – Capital Securities 150.000.000150.000.000 9,099,09

44 HELLENIC BANK PUBLIC COMPANY LTD - BONDS 2016HELLENIC BANK PUBLIC COMPANY LTD - BONDS 2016 128.145.108128.145.108 7,767,76

55 Bank Of Cyprus Public Company LtdBank Of Cyprus Public Company Ltd 126.436.506126.436.506 7,667,66

66 Alpha Bank Cyprus Ltd -Bonds 2013/2018Alpha Bank Cyprus Ltd -Bonds 2013/2018 100.000.000100.000.000 6,066,06

77 HELLENIC BANK PUBLIC COMPANY LTD – Bonds 2019HELLENIC BANK PUBLIC COMPANY LTD – Bonds 2019 90.000.00090.000.000 5,455,45

88 HELLENIC BANK PUBLIC COMPANY LTD - CAPITAL SECURITIESHELLENIC BANK PUBLIC COMPANY LTD - CAPITAL SECURITIES 42.715.03642.715.036 2,592,59

99 Bank Of Cyprus Public Company Ltd – Convertible Bonds 2013/2018Bank Of Cyprus Public Company Ltd – Convertible Bonds 2013/2018 41.638.21741.638.217 2,522,52

1010 HELLENIC BANK PUBLIC COMPANY LTD - BONDS 2011HELLENIC BANK PUBLIC COMPANY LTD - BONDS 2011 37.621.69537.621.695 2.282.28

1111 K. ATHIENITIS CONTRACTORS DEVELOPERS PUBLIC LTDK. ATHIENITIS CONTRACTORS DEVELOPERS PUBLIC LTD 10.000.00010.000.000 0,610,61

1212 AMATHUS PUBLIC LTD - GUARANTEED BONDS 2010 AMATHUS PUBLIC LTD - GUARANTEED BONDS 2010 8.047.5138.047.513 0,490,49

1313 A. PANAYIDES CONTRACTING PUBLIC LTD - BONDS 2004-2011 A. PANAYIDES CONTRACTING PUBLIC LTD - BONDS 2004-2011 2.480.0352.480.035 0,150,15

TotalTotal 1.650.454.0461.650.454.046 100100




*The weight is calculated to the total Market Capitalisation

*The weight is calculated to the Market Capitalisation(Shares only, including Investment Companies Market)

Last traded price is used for the estimation of the market capitalisationThe weight it calculated to the Market Capitalisation of Cor. Bonds

14

MarketMarketMainMain ParallelParallel AlternativeAlternative InvestementInvestement ShippingShipping SpecialSpecial SpecialSpecial

EconomicEconomic CompaniesCompanies CompaniesCompanies CategoryCategory CharacteristicsCharacteristics %%Group*Group* (€)(€) (€)(€) (€)(€) (€)(€) (€)(€) (€)(€) (€)(€) on Totalon Total

Market Capitalisation per Economic GroupMarket Capitalisation per Economic Group

Economic Group weighting of Market Capitalisation (shares month end)

0% 10% 20% 30% 40% 50% 60% 70% 80% 90%

Economic Group weighting of Market Capitalisation by Market (shares month end)

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%




Basic Materials Basic Materials

IndustrialsIndustrials

Consumer GoodsConsumer Goods

TechnologyTechnology

TelecommunicationsTelecommunications

Consumer ServicesConsumer Services

FinancialsFinancials

Total (€)Total (€)

%%Market Capitalisation /TotalMarket Capitalisation /Total

Market Capitalisation (only shares)Market Capitalisation (only shares)

*FTSE Industry Classification Benchmark – ICB*FTSE Industry Classification Benchmark – ICB

5.280.6845.280.684 0,070,07

61.199.02361.199.023 116.761.355116.761.355 90.149.84790.149.847 33.179.75133.179.751 4.000.0004.000.000 4,174,17

53.284.14853.284.148 126.963.782126.963.782 2,462,46

35.585.74435.585.744 1.407.9771.407.977 1.500.0001.500.000 0,530,53

33.144.77733.144.777 0,450,45

108.481.205108.481.205 173.553.238173.553.238 529.189.728529.189.728 5.579.9835.579.983 43.685.00043.685.000 11,7511,75

5.287.234.4865.287.234.486 78.311.25878.311.258 329.460.123329.460.123 157.985.568157.985.568 6.186.4276.186.427 39.308.70539.308.705 80,5680,56

5.492.500.4585.492.500.458 427.190.684427.190.684 1.110.316.2341.110.316.234 157.985.568157.985.568 33.179.75133.179.751 17.266.41017.266.410 82.993.70582.993.705 100100

75,0275,02 5,835,83 15,1715,17 2,162,16 0,450,45 0,240,24 1,131,13

Financials

Consumer Services

Telecommunications

Technology

Consumer Goods

Industrials

Basic Materials

Financials

Consumer Services

Telecommunications

Technology

Consumer Goods

Industrials

Basic Materials

Main Parallel Alternative Investment Companies Shipping Companies Special Category Special Characteristics

15

Security Tradind Market** Volume Weight Days % (€) %

Most traded shares (monthly basis)

SecuritySecurity TradingTrading Market**Market** Transaction PriceTransaction Price*

DaysDays (€) % ΔNovember 0909 December 09

Securities with best performance (1-month Performance)

SecuritySecurity TradingTrading MarketMarket** Transaction PriceTransaction Price*

DaysDays (€) % ΔNovember 09 December 0909

Securities with worst performance (1-month Performance)Securities with worst performance (1-month Performance)




1 MARFIN POPULAR BANK PUBLIC CO LTD 21 MM 28.332.942 44,532 BANK OF CYPRUS PUBLIC COMPANY LTD 21 MM 20.485.975 32,203 HELLENIC BANK PUBLIC COMPANY LTD 21 MM 9.035.896 14,204 C.T.O. PUBLIC COMPANY LTD 18 AM 629.706 0,995 LIBERTY LIFE INSURANCE PUBLIC COMPANY LTD 20 PM 625.117 0,986 DEMETRA INVESTMENT PUBLIC LTD 21 IM 478.568 0,757 SEA STAR CAPITAL PLC 19 AM 412.977 0,658 LOUIS PLC 21 MM 254.993 0,409 CYTRUSTEES INVESTMENT PUBLIC COMPANY LTD 21 IM 225.199 0,35

10MALLOUPPAS & PAPACOSTAS PUBLIC CO LTD 9 AM 225.016 0,35

1 LIBERTY LIFE INSUR,PUBL CO LTD 20 PM 0,05 0,08 60,002 KNOSSOS INVESTMENTS PUBLIC LTD 6 SCM 0,02 0,03 50,003 CYPRUS FOREST INDUSTRIES LTD 5 AM 2,22 3,24 45,954 CLARIDGE PUBLIC LTD 10 AM 0,05 0,07 40,005 CEILFLOOR PUBLIC COMPANY LTD 1 SCM 0,03 0,04 33,336 K + G COMPLEX PUBLIC CO LTD 7 AM 0,11 0,14 27,277 ACTIBOND GROWTH FUND PUB LTD 3 IM 0,04 0,05 25,008 A,L, PROCHOICE GROUP PUB LTD 12 AM 0,04 0,05 25,009 LEPTOS CALYPSO HOTELS LTD 10 AM 0,10 0,12 20,0010 EUROPROFIT CAP, INVESTORS LTD 2 AM 0,05 0,06 20,00

11 SEA STAR CAPITAL PLCSEA STAR CAPITAL PLC 1919 AMAM 0,110,11 0,090,09 -18,18-18,18

22 TOXOTIS INVESTMENTS PUBLIC LTDTOXOTIS INVESTMENTS PUBLIC LTD 44 AMAM 0,050,05 0,040,04 -20,00-20,00

33 ROYAL HIGHGATE PUBLIC CO LTDROYAL HIGHGATE PUBLIC CO LTD 44 AMAM 0,090,09 0,070,07 -22,22-22,22

44 FINIKAS AMMOCHOSTOU (WARRANTS)FINIKAS AMMOCHOSTOU (WARRANTS) 22 IMIM 0,040,04 0,030,03 -25,00-25,00

55 CYTRUSTEES INVESTMENT PUB LTDCYTRUSTEES INVESTMENT PUB LTD 2121 IMIM 1,031,03 0,690,69 -33,01-33,01

66 R,A,I, CONSULTANTS PUBLIC LTDR,A,I, CONSULTANTS PUBLIC LTD 33 AMAM 0,090,09 0,060,06 -33,33-33,33

77 LIBRA HOLIDAYS GROUP PLCLIBRA HOLIDAYS GROUP PLC 55 SCMSCM 0,030,03 0,020,02 -33,33-33,33

88 XENOS TRAVEL PUBLIC LTDXENOS TRAVEL PUBLIC LTD 55 SCMSCM 0,030,03 0,020,02 -33,33-33,33

99 ALKIS H, HADJIKYRIACOS LTD (W)ALKIS H, HADJIKYRIACOS LTD (W) 44 AMAM 0,020,02 0,010,01 -50,00-50,00

1010 ISXIS INVESTMENT PUBLIC LTDISXIS INVESTMENT PUBLIC LTD 11 IMIM 0,060,06 0,030,03 -50,00-50,00* Last Trade of the Month**MM=Main Market, PM= Parallel Market, AM=Alternative Market, SΗM=Shipping Companies MarketIM=Investment Companies Market, SM= Special Category, SCM=Special Characteristics

* Last Trade of the Month* Last Trade of the Month

16

Monthly Market Share of the CSE membersSelected Period 01/12/2009 - 31/12/2009

Rank Member Members of the Cyprus Stock Exchange Value of Equities Daily Average Market Value of Bonds NotesCode value of Equities Share

(€) (€) (%) (€)

11 MFMF MEGA EQUITY FIN. SERV. LTDMEGA EQUITY FIN. SERV. LTD 34.990.53734.990.537 1.128.7271.128.727 27,8327,83 20.28520.28522 CLCL MARFIN CLR (FINANCIAL SERVICES) LTDMARFIN CLR (FINANCIAL SERVICES) LTD 31.548.19831.548.198 1.017.6841.017.684 25,0925,09 468.486468.48633 CICI CISCO LTDCISCO LTD 22.487.52022.487.520 725.404725.404 17,8817,88 475.879475.87944 ASAS ATLANTIC SECURITIES LTDATLANTIC SECURITIES LTD 9.895.0379.895.037 319.195319.195 7,877,87 287.741287.74155 ELEL ELLINIKI TRAPEZA (EPEND.) LTDELLINIKI TRAPEZA (EPEND.) LTD 5.360.1345.360.134 172.908172.908 4,264,26 161.186161.18666 COCO COOP CENTRAL BANK LTDCOOP CENTRAL BANK LTD 4.243.7324.243.732 136.895136.895 3,373,37 20.73020.73077 SSSS SHARELINK SEC. & FIN. SER. LTDSHARELINK SEC. & FIN. SER. LTD 3.766.2633.766.263 135.866135.866 3,353,35 23.70623.70688 GCGC GLOBAL CAP SEC & FIN SER LTDGLOBAL CAP SEC & FIN SER LTD 3.253.7233.253.723 104.959104.959 2,592,5999 AGAG ARGUS STOCKBROKERS LTDARGUS STOCKBROKERS LTD 2.395.9822.395.982 77.29077.290 1,911,91 5.7865.786

1010 ΑΦΑΦ ALPHA FIN. BROKERAGE AND INV. SER. S.A.ALPHA FIN. BROKERAGE AND INV. SER. S.A. 2.335.0202.335.020 75.32375.323 1,861,86 111111 ΕΒΕΒ EFG EUROBANK SECURITIES S.AEFG EUROBANK SECURITIES S.A 2.117.6222.117.622 68.31068.310 1,681,68 111212 ΕΘΕΘ National P&K Securities S.A.National P&K Securities S.A. 995.350995.350 32.10832.108 0,790,79 111313 EXEX EUROXX SECURITIES S.A.EUROXX SECURITIES S.A. 863.919863.919 27.86827.868 0,690,69 111414 ΘΝΘΝ ETHNIKI TRAPEZA ELLADOS (KIPR)ETHNIKI TRAPEZA ELLADOS (KIPR) 431.244431.244 13.91113.911 0,340,34 55.84055.8401515 MDMD HSBC-PANTELAKIS SEC. S.A.HSBC-PANTELAKIS SEC. S.A. 257.010257.010 8.2918.291 0,200,20 111616 PSPS PROTON BANK S.A.PROTON BANK S.A. 169.682169.682 5.4745.474 0,130,13 111717 ΣΙΣΙ PIRAEUS SECURITIES S.A.PIRAEUS SECURITIES S.A. 128.410128.410 4.1424.142 0,100,10 111818 ΒΤΒΤ BETA SECURITIES S.A.BETA SECURITIES S.A. 25.00025.000 806806 0,020,02 111919 AVAV AXIA VENTURES GROUP LTDAXIA VENTURES GROUP LTD 16.87016.870 544544 0,010,012020 SOSO SOLIDUS SECURITY S.ASOLIDUS SECURITY S.A 13.41713.417 433433 0,010,01 112121 ΕΛΕΛ INVESTMENT BANK OF GREECE S.A.INVESTMENT BANK OF GREECE S.A. 799799 2626 0,000,00 11




NotesNotes1. 1. Members of the Athex Exchange acting as Remote Members of the Cyprus Stock Exchange

19

CENTRAL REGISTRY- DEPOSITORY STATISTICS

Investors CategoryInvestors Category Market Capitalisation Market Capitalisation %

MonthMonth Number of new (Opened) Investors Accounts

2009-122009-12 178178

Active Investors mobilityActive Investors mobilitySelected Period: Selected Period: 01/12/2009 - 31/12/2009

Foreign Investors participation to the Market Capitalisation-Month end Selected Period Foreign Investors participation to the Market Capitalisation-Month end Selected Period 31/12/2009

MonthMonth Total of Active Total of Active ΙΙnvestor Sharesnvestor Shares Daily average of active Investors SharesDaily average of active Investors Shares Active Investors Shares mobilityActive Investors Shares mobility

2009-122009-12 4.547 580 2,68

Foreign InvestorsForeign Investors 9,809,80

Securities Ιnvestor shares Number %




Investors Accounts Period: Investors Accounts Period: 01/12/2009 - 31/12/2009

11 167.378167.378 65,2065,20

2-52-5 73.26973.269 28,5428,54

6-106-10 12.358 12.358 4,81 4,81

>10 >10 3.7143.714 1,451,45

TotalTotal 256.719256.719 100,00100,00

Notes:Notes:

1. Active investor accounts indicate the number of investors who have purchased equities or debt in the CSE, a minimum once during the rele1. Active investor accounts indicate the number of investors who have purchased equities or debt in the CSE, a minimum once during the rele--

vant period of time.vant period of time.

2. Daily average is the daily active investors accounts for the relevant period of time.2. Daily average is the daily active investors accounts for the relevant period of time.

3. Mobility of active investors accounts indicates the average number of days during which an investor purchased equities in the CSE a minimum once.3. Mobility of active investors accounts indicates the average number of days during which an investor purchased equities in the CSE a minimum once.

Investors Shares allocation with positive balance based on the number of securities composing their portfoliosInvestors Shares allocation with positive balance based on the number of securities composing their portfolios

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