Six firms control 77.5% of CSE

Six firms out of 14 control 77.5% of all CSE trades according to data released by the stock exchange. During January 2006, the top firm was SFS Securities, which was ranked as the firm with the biggest market share with 14.56% of all trades.

Egnatia FS was second with a 14.14% share, followed by last year’s top brokerage firm CLR, which moved in January to third place with 13.97% market share.

Analysts told the Financial Mirror that the reason why SFS and Egnatia jumped higher is due to heavy arbitrage activity conducted by their clients on the BOC shares trading in Greece and Cyprus. The same sources said that CLR, which relies mostly on retail trade dropped to third place because retail clients don’t have the ability to engage in arbitrage trades of selling BOC shares in Greece and buying them back in Cyprus.

According to the CSE data for January, CISCO was in fourth place with a 13.86% market share, followed by Atlantic with a 10.52% shares and in sixth place Laiki Securities with a 10.5% share.

The next firm on the CSE rankings is Hellenic Bank Investments with a 6.5% market share.