Cyprus stocks dive on global selloff

Cyprus stocks fell sharply on Tuesday in line with a global equity market selloff after Chinese stocks closed sharply lower following a clampdown by the Chinese government on illegal share trading.

The Cyprus Stock Exchange General Index, comprised of the Main and Parallel market stocks dived 2.24% Tuesday to 4278.28 points on 2477 trades for a total of EUR 12.35 mln volume.

A total of 16 titles moved higher, 101 were unchanged and 44 fell according to AGFN, the CSE data provider.

Marfin Popular Bank (CPB), the most active stock on EUR 3.6 mln volume fell 0.06% to EUR 8.08. Bank of Cyprus, the second most active, fell 3.33% to EUR 11.60 on EUR 2.5 mln volume. Hellenic Bank, the third most active closed 2.68% lower at EUR 2.90 on EUR 1.4 mln volume.

Other active stocks included SFS, down 3.3% at EUR 0.29 on EUR 0.8 mln volume while LUI was down 1.7% at EUR 0.59 on EUR 0.65 mln volume.