Cyprus Stock Exchange records losses and bank deal announced

On Thursday, the Cyprus Stock Exchange (CSE) experienced a significant downturn, with the General Index closing at 260.53 points, a decline of 1.21%. The FTSE/CySE 20 index also fell by 1.16% to 159.10 points. Daily trading volume reached €287,839 across 106 transactions, with the Main Market, Investment Companies, and Alternative Market sectors all recording losses. Bank of Cyprus shares saw the highest volume, closing at €8.30, down 1.66%. Earlier in the day, market performance indicators showed less pronounced losses while trading was still in progress. In separate news, Bank of Cyprus Holdings Public Limited Company announced an agreement for its subsidiary, Bank of Cyprus Public Company Ltd, to acquire a portfolio of performing loans, deposits, and other assets from the Cyprus Development Bank (CDB). This acquisition is set to take place at prices near nominal value, following a previously disclosed intention from March 23, 2026.