CLR moves back into the top

CLR Securities & Financial Services moved back to the top of the CSE member firm market share table, increasing its share to 17.5% for September and 17% for the first nine months of the year.

The distortion in the rankings that occurred in August when on the back of intense activity on the Laiki Bank shares Egnatia had moved into the top position was corrected, with Egnatia slipping back to its usual 5th position.

The duo of Laiki Securities and Egnatia holding a combined market share of 21.9% were also down sharply from the combined share in August, which as explained earlier was distorted by the large block trades on the Laiki Bank shares.

Some sort of distortion may also emerge in the October numbers due to heavy buying originating from Marfin FG, which bought at least 1 mln shares of Laiki Bank at prices below CYP 3.00.

Sharelink Securities & Financial Services moved into second position in September lifting its market share to 16.9%, but fourth overall in the first nine months with a 14% share.

CISCO, the investment banking arm of BOC moved into third position in the September rankings with a 14.5% share, leaving Laiki Securities in fourth place with a 11.6% share and Egnatia in fifth place with 10.2%. Atlantic was sixth with 8.2%, followed by Mega and Hellenic in seventh and eight place respectively.