CLR maintains CSE market share lead

CLR Securities & Financial Services maintained its lead as the island’s top brokerage firm with the largest market share both for the month of June as well as for the first half of the year.

In the most competitive and highly volatile market of CSE broker trades, which are at times distorted by large scale trading activity by a single client, such as Piraeus Bank now snapping up Bank of Cyprus shares from the CSE floor, the ability of CLR to maintain its lead is seen as significant, since CLR’s volume is mostly client driven.

CLR was the firm with the largest CSE market share in June with a 16.9% share, followed by Egnatia Financial Services, which climbed from fourth place to second and a share of 16.38% the CSE data showed. CISCO, was in third place with a 15.78% share, followed by Sharelink with a 12.8% share and Laiki Securities with a 8.07% share. In sixth place was Atlantic Securities with a 8% stake.

The top six firms control 80.8% of the market, while if Hellenic Bank Investments with a 5.96% share is to be included, then the share of the top seven firms climbs to 87%.

CLR again in the lead

The CSE also released its first half market share data according to which CLR is the island’s top brokerage with a 17.43% share of the market.

CISCO, which also derives most of its trade from retail customers is in second place with a 15.5% share, followed by Sharelink with 13.7% share, Egnatia in fourth place with a 13.05% share, Laiki Securities with 10.38% and Atlantic with 10.18% share. Hellenic Bank Investments with a 6.03% share is in seventh place.