CSE GENX hits 100 points

The Cyprus Stock Exchange powered to another record close above the physiological 100 points for the first time in 3 years as Bank of Cyprus shares continued to edge higher, but a period of consolidation may set in after the BOC shares in Greece turned lower on Thursday.

The CSE GENX closed 0.86% higher at 100.45 points, for the first time in three years and in now on target to hit the previous high of 112.45, holding since December 2002. The FTSE/CySE 20 large index was up 0.48% at a new record of 510.25 while the Main/Parallel index closed 0.49% higher at 1508.30.

Total volume amounted to CYP 1.025 mln on 746 trades with 35 titles closing higher, 24 lower, 22 unchanged while there were no trades on 84 titles according to AGFN and CSE data.

BOC closed Thursday trading up 0.41% at a fresh record close of CYP 2.43 on CYP 510.000 volume and is now on track to move towards its new target of CYP 2.54, the high since June 2001.

The gains however, may be delayed until the required consolidation period is completed as indicated by the negative close of 1.4% on the ASE for the BOC shares, which closed at EUR 2.43 or CYP 2.44 on EUR 1.75 mln or CYP 1 mln volume.