cse reshuffles — cse reshuffles — The Cyprus Stock Exchange (CSE) has reshuffled its main market indices, including the FTSE/CySE20 Index, after a half-year review that assessed performance from November 2025 to April 2026. This review, conducted by the Advisory Committee on the Indices on May 19, 2026, resulted in significant changes aimed at enhancing market representation.
- The CSE's regular biannual index maintenance process aims to ensure that its benchmarks remain responsive to market developments, benefiting both investors and companies involved.
Cse reshuffles: New Entrants and Exclusions in the FTSE/CySE20 Index
As part of the adjustments, EUROBANK S.A. will be added to the FTSE/CySE20 Index, while Mitsides Public Company Ltd will be removed. The committee established a marketability threshold of 6 per cent, ensuring the index reflects current market conditions accurately.
Weight Adjustments for Existing Constituents
In addition to new entries, existing companies in the index also saw changes in their capping factors. Bank of Cyprus Holdings Plc increased its capping from 76 per cent to 81 per cent, indicating a stronger market position. Conversely, Logicom Public Ltd’s weighting has been reduced from 36 per cent to 32 per cent, reflecting shifts in its market presence.
Formation of a Reserve List
The Advisory Committee also established a reserve list of eligible large-cap shares that could replace existing constituents if necessary prior to the next review. This proactive measure includes notable companies like Woolworth (Cyprus) Properties Plc and Louis Plc, with capping factors of 22 per cent and 30 per cent, respectively.
Impending Changes to Take Effect
The CSE has confirmed that the capping factors for the FTSE/CySE20 constituents will be calculated based on the closing prices on June 12, 2026. All adjustments will be implemented on June 22, 2026, ensuring that investors have ample notice of the changes.
Broader Market Index Adjustments
In a related announcement, the CSE detailed further changes across its broader market indices. Louis Plc will join the CSE General Index, Main Market Index, and Alternative Market Index, also with a capping factor of 30 per cent. Similarly, Unifast Finance & Investments Public Company Ltd will be included in both the CSE General Index and Main Market Index, reflecting a capping factor of 24 per cent.
Exclusions and Further Adjustments
Meanwhile, Blue Island Plc will exit the Alternative Market Index, highlighting the dynamic nature of the market. Other existing constituents experienced adjustments as well, such as Net Info Plc, which saw its capping factor drop from 35 per cent to 31 per cent. These changes align the indices more closely with ongoing market trends and liquidity conditions.
The CSE’s regular biannual index maintenance process aims to ensure that its benchmarks remain responsive to market developments, benefiting both investors and companies involved.
