Introduction INTRODUCTION With the aim of providing essential information about its activities and results during the previous year, the <strong>Cyprus</strong> <strong>Stock</strong> <strong>Exchange</strong> (CSE) this year again continues the tradition of publishing the Fact Book. The publication is compiled so as to provide necessary information to experts in the capital market, as well as to those who are new investors and professionals in the capital market and <strong>Stock</strong> <strong>Exchange</strong> issues. The Fact Book is comprised of six basic parts. The first part focuses on the CSE Indices performance. The second part summarises the results of trading for the year 2007 and the third part presents information regarding market capitalisation. The fourth part includes tables with summarised information of funds raised in the market. The fifth part briefly describes Central Registry/Depository statistics. Similarly to previous Fact Books, the last part provides information about listed issuers and CSE Members. This year’s edition of the Fact Book is published only in electronic form, which is available at the <strong>Stock</strong> <strong>Exchange</strong>’s website (www.cse.com.cy) or on CD-ROM available at the CSE offices. 1
The year 2007 in Review INTRODUCTION At the end of 2007, the total number of listed companies on the <strong>Cyprus</strong> <strong>Stock</strong> <strong>Exchange</strong> was 141. In 2007, four new companies listed their shares on the <strong>Cyprus</strong> <strong>Stock</strong> <strong>Exchange</strong>, while four companies were delisted. In 2007, the equity market followed an upward trend. At year-end the equity market capitalisation, (shares only, excluding the Investment Companies Market), amounted to EUR 20,1 billion, compared to EUR 12,2 billion at the end of 2006, thus registering an increase of 64,52 per cent from the previous year. On the last trading day of the year, the Main Market accounted for 67,12 per cent of the total market capitalisation, the Parallel Market accounted for 2,08 per cent, the Alternative Market for 7,44 per cent, the Investment Companies Market for 1,77 per cent, the Shipping Companies Market 0,50 per cent, the Special Category Market 0,21 per cent, Special Characteristics Market 2,29 per cent and the Bonds Market for 18,59 per cent of the market capitalisation. Moreover the total market capitalisation including the Investment Companies Market, Warrants and the Bonds Market reached EUR 25,3 billion compared to EUR 17,05 billion the previous year, thus exhibiting an increase of 48,49 per cent. The financial sector was the largest economic group as far as market capitalisation of the equity market is concerned, with 85,81 per cent followed by the consumer services with 8,77 per cent of the equity market capitalisation. The CSE General Index exhibited an upward trend in 2007. The CSE General Index closed at 4.820,72 points, with a positive year-on-year change of 23,60 per cent. The highest point of the year was reached on 31 st October 2007, (5.518,50 +41,48% since the end of 2006) and the lowest point of the year on 4 th January 2007, (3.967,68 +1,72% since the end of 2006). The FTSE CySE20 Index reached at year end the 1.653,11 points, with a positive year-to-year change of 24,20%. The highest point for the year was reached on the 31 st of October 2007, (1.891,48 +42,10% since the end of 2006) and the lowest point for the year was on the 4 th of January 2007, (1.353,92 +1,64% since the end of 2006). The increase in the share prices was also reflected in the market’s turnover. The year’s turnover amounted to EUR 3,9 billion, which represents a year-to-year increase of 32,9% compared to the turnover of EUR 2,9 billion in 2006. The daily average turnover was EUR 15,7 million thousand per trading day, compared with EUR 11,8 million the previous year. The Financial economic group contributed 77,18% on the total traded value, which was the highest, whereas the basic materials economic group had the lowest contribution with 0,24%. The shares traded including warrants, contributed 99,96 percent of the total volume, the Corporate and Government bonds contributed 0,03 per cent of the total turnover. 2