Nicosia, Cyprus. The Cyprus Stock Exchange (CSE) announced changes to the FTSE/CySE20 Index and broader CSE indices following a half-yearly review covering November 2025 to April 2026. The exchange said the review results were issued on May 19, 2026.
Index review and eligibility criteria
The review was carried out by the Advisory Committee on the Indices, which met on May 19, 2026, to assess eligibility and marketability criteria in line with index rules, including a marketability threshold set at 6 per cent.
Changes to the FTSE/CySE20 Index
In the FTSE/CySE20 Index, the committee confirmed that EUROBANK S.A. will be added, while Mitsides Public Company Ltd will be removed.
Capping factor adjustments
The capping factor of EUROBANK S.A. has been set at 67 per cent. Several existing constituents also saw adjustments, with Bank of Cyprus Holdings Plc increasing its capping factor from 76 per cent to 81 per cent, while Logicom Public Ltd saw a reduction from 36 per cent to 32 per cent.
Reserve list and implementation timeline
The committee confirmed the formation of a reserve list of eligible large-cap shares, which may be used to replace constituents if required before the next scheduled review. The reserve list includes Woolworth (Cyprus) Properties Plc with a 22 per cent capping factor, Louis Plc at 30 per cent, Cyprus Forest Industries Public Ltd at 18 per cent, 7Q Investments Public Ltd at 26 per cent, and Top Kinisis Travel Public Ltd at 29 per cent.
The CSE said capping factors for FTSE/CySE20 constituents will be calculated based on the closing prices of June 12, 2026, ahead of implementation. All changes to the FTSE/CySE20 Index will take effect on June 22, 2026, the exchange said.
Broader CSE indices
In a parallel announcement covering broader market indices, the exchange confirmed additional adjustments to the CSE General Index, CSE Main Market Index and Alternative Market Index.
How do the upcoming FTSE/CySE20 Index changes affect your investment decisions?
