Lo­cal stocks con­tinue to head south

Kathimerini English - - Business & Finance -

Greek stocks con­tin­ued their down­ward tra­jec­tory yes­ter­day as in­vestors found lit­tle en­cour­age­ment to buy shares on the lo­cal mar­ket, par­tic­u­larly in terms of blue chips.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 1,412.84 points, de­clin­ing by 1.14 per­cent from Mon­day’s close at 1,429.12 points. The blue chip FTSE/ATHEX 20 in­dex dropped by 1.42 per­cent to end at 636.97 points. Nev­er­the­less, just as on Mon­day, the small-cap FTSE/ATHEX 80 in­dex re­mained in pos­i­tive ter­ri­tory, climb­ing by 1.10 per­cent.

It is only dis­parate stocks such as Babis Vovos, In­tra­com and Kyr­i­akidis that for a va­ri­ety of rea­sons con­tin­ued their up­ward course, buck­ing the trend set by the mood re­gard­ing the coun­try’s fi­nances.

Only two blue chips posted gains: El­lak­tor added 2.86 per­cent and Coca-Cola HBC rose by just 0.05 per­cent. Eurobank EFG de­clined by 3.98 per­cent, fol­lowed by Vio­halco (down 3.75 per­cent) Pi­raeus Bank (3.37 per­cent), Jumbo (3.22 per­cent) and Al­pha Bank (2.84 per­cent).

In to­tal, 70 stocks moved up, 71 went down and 46 re­mained un­changed. Con­struc­tion group Babis Vovos had the big­gest rise with gains of 19.30 per­cent, while Gen­eral Com­mer­cial led the losers, shed­ding 19.23 per­cent.

Turnover came to 72 mil­lion eu­ros, up from 56.7 mil­lion on Mon­day.

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