The Federation of Euro-Asian Stock Exchanges
Cyprus Stock Exchange
56 57
About Company
Established: 1996
Address: 71-73 Lordou Vironos Avenue, 1096
P.O.BOX 25427, Nicosia 1309 Cyprus
Email: [email protected]
Working Hours: 7:30 - 18:00
Website: www.cse.com.cy
- Joined FEAS in 2016 -
Nicos Trypatsas
Acting General Manager
Year in review
In 2022 the CSE General Index exhibited an upward trend. The CSE General Index closed at 89,55 points, with a positive year-on-year change of 30,43 percent. At year-end, the equity market capitalisation, amounted to EUR 2,50 billion, compared to EUR 1,96 billion at the end of 2021, thus registering an increase of 27,39 percent from the previous year. The year’s turnover amounted to EUR 76,4 million, which represents a year-to-year decrease of 10,16%, compared to the turnover of EUR 85,0 million in 2021. Our aim is to increase the number of companies listed on the CSE and thus attract investors. A more active stock exchange market will definitely affect the CSE’s capitalisation, which is something that we hope for in 2023. Despite the difficult economic climate on a global level, the Cyprus economy seems to have adjusted to the current conditions.
In cooperation with the Ministry of Finance, we have appointed experts to undertake all the necessary procedures and to find a strategic investor that will enable the CSE to grow, offering Cyprus entities and investors greater opportunities. We consider that a private Cyprus Stock Exchange will significantly contribute to the economy, as it will be more flexible and efficient in its operations, which will make it easier to attract more companies and investors. Cyprus will thus have a stock exchange with
greater potential to have a positive impact on the island’s development. Apart from the ongoing privatisation process, the CSE is undertaking various initiatives to boost its activities. Among these are its promotion on foreign markets, the exploration of new markets, the enhancement of its structural and institutional framework, the establishment of competitive fees, and strategic cooperation with other stock markets. Through these initiatives, we aim to attract new listings and raise interest by new investors. These will increase the CSE’s volumes and competitiveness, which is our ultimate goal.