Share prices recover, Severis calls for buy

Share prices recovered with investors picking up bargains after the CSE shed nearly 9% in recent days, while expert fund manager Nicos Severis called fro investors to buy, not sell, according to the issue 167, on June 19, 1996.

Savvy investors were picking up the pieces from the recent CSE crash that saw the market lose about 9% in a matter of a few days, caused mainly by a lack of liquidity. Brokers and market leaders were calling for calm to prevent stock prices from falling

CSE pick-up:

further prices.”

Buy,

to

not

“ridiculously

sell:

Conference on sanctions:

low

Expert fund manager Nicos Severis said that the sell-off was price-induced and not accompanied by big volume. He said that several reasons have caused concern, ranging from the shift to the new stock market, outstanding trades under the old system, and margin accounts were liquidated as investors preferred a wait-andsee approach.

the first international conference of its kind, supported by the Financial Mirror, called on the