…as foreigners buy more CSE shares in Oct
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Foreigners maintained about the same percentage holding of the FTSE/CySE 20 index market cap during October 2006 at CYP 1.48 bln or 27.1% compared to CYP 1.26 bln or 26.68% in September 2006, according to the CSE Monthly Digest.
For the second consecutive month, foreigners continued to buy CSE stocks, led mostly by the aggressive purchases originating from Marfin Financial Group for Laiki Bank shares, which also helped keep the CPB shares as the most actively traded shares in October.
In terms of market cap of the Cyprus Stock Exchange, domestic physical persons held CYP 2.48 bln or 37% share of the total CYP 6.6 bln market cap, followed by domestic institutions at CYP 2.62 bln or 39% share. Foreign physical investors held CYP 1.07 bln of total market cap for a 16% share while foreign institutions held CYP 500 mln or 7.5% of the total.
The share of domestic physical investors of the FTSE/CySE 20 index was 38% with a CYP 2.06 bln holding, while domestic institutional investors held a 35% share for a CYP 1.98 bln stake. Foreign physical persons held CYP 1.06 bln or 19.4% and foreign institutionals CYP 421 mln or 7.7% share.
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Marfin purchases help
For the second consecutive month, local investors remained net sellers while foreign investors, mostly Marfin remained net purchases, according to the CSE report analysed by the Financial Mirror.
Domestic investors purchased a total of CYP 135.5 mln worth of shares and sold a total of CYP 183 mln for a net monthly deficit of CYP 47.5 mln, up sharply from the net deficit of CYP 7.3 mln in September.
Foreign investors lifted their total purchases to CYP 57.5 mln while sales amounted to CYP 9.9 mln for a net increase of CYP 47.5 mln, following the CYP 7.3 mln net injection of funds in September.
The sharp increase in activity and prices during October helped boost total market volume to CYP 193 mln in October from CYP 97 mln in September.
The CSE data showed that during October, the total of domestic active institutional accounts were 563 and the local physical accounts 8740, while there were 23 active foreign institutionals and 186 active foreign physical investors.
The share of CPB were the most active on EUR 138 mln volume, followed by BOCY at EUR 82 mln, HB EUR 36.6 mln, LUI at EUR 20 mln and DEM at EUR 7 mln.
