The Cyprus Stock Exchange GENX index ended the first half of 2005 with cumulative gains of 17.68%, after it closed at 85.38 points on June 30 compared to 72.55 points at the start of the year.
The FTSE/CySE 20 large cap index, which ended June 30 at 405.73 points, advanced 19.86% compared to its start value of 338.50 points, while the CSE Main/Parallel market index, which ended at 1209.64 points, closed 19.5% higher compared to its start up point of 1012.27 points.
The total market capitalisation of the CSE listed stocks as at June 30 2005 amounted to CYP 2.52 bln according to Financial Mirror calculations.
Based on the reported profits for 2004, the gross price to earnings (p/e) ratio of the profit reporting companies was estimated at 14.72x while the weighted to market cap p/e index as calculated by the Financial Mirror was 21.65x.
The gross book value of the market was 37 cent per share for a price to book value (P/BV) of 0.54x, confirming the gross under-valuation of the market.
MAIN MARKET
The Main Market index ended up 19.84% closing the first half at 1217.23 points.
Bank of Cyprus, the largest market capitalisation stock ended the first half at CYP 1.80 for a total gain of 20.1% since the start of the year, in addition to the 4 cent dividend paid, taking its total gains to 22.5%.
Laiki Bank, the second largest cap stock ended at CYP 1.40, brining its year-top-date gains to 23.8%, which when combined with the 3 cent dividend paid, takes its total return to 26%.
Hellenic Bank, the third largest cap stock ended at 44 cent, for a total year-to-date gain of 18%. HB did not pay any dividends for 2004.
Louis Public Co. (LUI) the fourth largest cap stock on the CSE ended at 21 cent, up 42.8% since the start of the year while Vision International People Public Group (VIP), the fifth largest cap stock on the CSE ended at CYP 1.16 for a 8.4% gain since the start of the year.
The best performer among the Main Market stocks was SFS, up 74.42%, while the worst performing stock was A. Panayides Contracting (APC), down 28.9% since the beginning of the year.
PARALLEL MARKET
The Parallel Market index ended 9.71% higher for the first half, ending at 1019.79 points.
The best performer among the Parallel Market stocks was Alliance Re (ALL), up 59.77%, while the worst performing stock was Phil Andreou (PHIL), down 37.5% since the beginning of the year.
ALTERNATIVE MARKET
The Alternative Market index ended at 939.03 points for total first half gains of 10.52%.
The best performer among the Alternative Market stocks was RAI Consultants (RAI), up 309%, while the worst performing stock was Plyntex (PLY), down 70% since the beginning of the year.
INVESTMENTS
The Investments Market index ended at 963.96 for a 3.39% gain since the start of the year, with Triena Capital (TCAP) the best performer with 70.5% gains while Harvest Capital Management (HCM) was the worst performer, declining by 85%.
