Stocks rally, CYP slips

Financial Mirror (Cyprus) - - FRONT PAGE -

Share prices ral­lied 2% with Bank of Cyprus lead­ing the way as prop­erty jit­ters helped the stock mar­ket, while the CYP slipped against the euro and was ex­pected to stay there un­til the start of the tourist sea­son, ac­cord­ing to the Fi­nan­cial Mir­ror is­sue 603, on Jan­uary 12, 2005.

Eq­uity prices on the Cyprus Stock Ex­change ral­lied by 2% on the pre­vi­ous day with a mas­sive in­crease in vol­ume prompt­ing a grow­ing num­ber of in­vestors to flock back to the stock mar­ket in an­tic­i­pa­tion of bet­ter re­turns, as many blue chips are ex­pected to an­nounce their first div­i­dends since 2001. Jit­ters in the prop­erty mar­ket amid con­cern that hav­ing

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