FTSE/CySE20 revamps index

The Advisory Committee of the FTSE/CySE20 index has decided to revamp the index after taking into consideration the past performance of the index from April until end of September 2007.

The companies entering the index for the next six-month period starting from December 3, 2007 are The Cyprus Cement Public Company Ltd, Ocean Tankers Holdings Public Company Ltd and Aspis Holdings Public Company Ltd. The companies that will exit are Woolworth (Cyprus) Properties Plc, Lanitis Development Public Ltd and Laiki Investment (Financial Services) Public Company Ltd.

The Advisory Committee also decided that Interfund, Cytrustees, Elma Holdings, Leptos Calypso Hotels and CLR Investment will make up the Reserve List, whereby if for any reason one of the FTSE20 components is removed, the first on the Reserve list will replace it.