Foreign investors controlled 26.89% of the market capitalisation of the FTSE/CySE 20 in July 2006 compared to 26% in June for a total holding amounting to CYP 1.12 bln, according to the CSE’s Monthly Bulletion.
Foreign institutionals held CYP 298.3 mln worth of market cap, while foreign private accounts held CYP 828 mln of FTSE market cap.
The share of foreigners in total CSE market cap was 23.18% for a CYP 1.18 bln stake out of the total market cap of CYP 5.09 bln by end of July 2006, according to the CSE data compiled by the Financial Mirror. Foreign institutionals held CYP 347 mln worth of market cap or 6.8% spread between 218 accounts, while foreign private investors held CYP 835 mln worth of market cap for a 16.4% stake spread over 9794 accounts.
Domestic institutional investors held CYP 2 bln of CSE market cap or 39.25% spread over 6899 accounts while domestic private investors held CYP 1.9 bln of CSE market cap or a 37.5% stake spread between 245.109 accounts.
Foreigners buying
The July report shows that foreign accounts remained net buyers to the tune of CYP 12.22 mln following the net purchases of CYP 18.8 mln made in June.
Some of the July buying may be due to Greek accounts increasing their stakes in various local companies, while the June purchases are mostly attributed to the purchases made by Piraeus Bank of Greece as it rushed to raise its stake in Bank of Cyprus through intense purchases both on the CSE and the ASE, according to Financial Mirror data.
Domestic private investors remained net sellers during July, with total purchases amounting to CYP 44.5 mln and net sales to CYP 57.2 mln, while domestic institutional investors were neutral, buying a total of CYP 23.7 mln and selling a total of CYP 22.5 mln.
During June, domestic institutionals sold CYP 24.3 mln of securities and purchased CYP 22 mln for a net shortfall of CYP 2.3 mln while domestic physical accounts sold a total of CYP 63.5 mln of securities and purchased a total of CYP 50 mln for a net shortfall of CYP 13.5 mln.
The CSE data also showed that during July there were a total of 438 domestic institutional active accounts, while the domestic active physical accounts numbered 5664. During the same period the number of active foreign institutional accounts were 12 and the foreign physical persons 273.
