CLR maintains overall CSE lead, CISCO best in October

CLR Securities & Financial Services maintained its lead as the firm with the highest market share in terms of CSE trades during the first ten months of 2006, but CISCO managed to lead the table for October alone, followed by Egnatia Financial Services, which saw their rankings improve because of big block trading on the Laiki Bank shares.

During the month of October, there was intense activity on the shares of Laiki Bank in the run up to the October 31 EGM, which in a unanimous vote approved the triple merger between Laiki, Marfin and Egnatia Bank. A number of BOC Group companies were heavy sellers of Laiki shares during October, all done through CISCO while most of the purchases originating from Marfin Financial Group increasing its stake in Laiki Bank were booked through Egnatia Financial Services.

The intense activity on the Laiki shares however, did not change the overall picture, with CLR continuing to hold 16.5% market share until end of October, followed by Egnatia in second place with 14.9%, CISCO in third place with 14.9% with Sharelink in fourth place with a 13.5% shares and Laiki Securities with 11% share. The top five firms continued to dominate CSE trades, holding a combined 71% market share.

Atlantic followed in sixth place with a 9.1% share followed by Hellenic in seventh place and 5.6% share.