Marfin trades boost Egnatia share in August

Big block share transfer of Laiki Bank shares to Marfin Finacial Group in August helped boost the market share of Egnatia Financial Services to a record 34.6%, but overall, CLR Securities & Financial Services maintained its lead as the top broker with the largest market share during the first eight months of the year.

During August, Laxey controlled funds transferred their stakes in Laiki Bank to Marfin as the latter increased its share in Cyprus’ second largest bank. All the deals were booked through Egnatia, which apparently has become the preferred firm through which Marfin is making its trades.

The share activity on CPB at a time of quiet trade during August, helped push Egnatia to first position in terms of market share with a 34.6% share, followed by CLR in second place with 15.5% share, CISCO in third place with 10.1%, Sharelink 9.6% and Laiki Securities in fifth place with 9.4%. Atlantic with a 7.3% was in sixth place.

CLR however, maintained its lead in the rankings for the whole of 2006, at 16.97%, followed by Egnatia at 15.6%, CISCO in third place with 14.8%, Sharelink with 13.5%, Laiki in fifth position with 10.4% and Atlantic in sixth place with 9.5%.