Lo­cal bourse drops be­low 1,400 points

Kathimerini English - - Business & Finance -

The Greek stock mar­ket gave up more ground yes­ter­day as the main in­dex slid be­low the 1,400-point mark, edg­ing ever closer to the year’s low­est point to date. It is clear that with­out a clear push from the gov­ern­ment, the bourse will con­tinue to fall in the com­ing weeks.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 1,387.59 points, de­clin­ing by 1.79 per­cent from Tues­day’s close at 1,412.84 points. The blue chip FTSE/ATHEX 20 in­dex dropped by 2.11 per­cent to end at 623.50 points. Yet again the small-cap FTSE/ATHEX 80 in­dex out­per­formed, post­ing mar­ginal losses of just 0.02 per­cent.

ATEbank ended with gains of 4.55 per­cent, Jumbo added 1.29 per­cent and Ti­tan ce­ment grew by 0.06 per­cent, but all other blue chips headed south. They were led by Vio­halco (down 3.90 per­cent), Bank of Cyprus (3.73 per­cent) and Al­pha Bank (2.92 per­cent).

In to­tal, 55 stocks moved up, 83 went down and 49 re­mained un­changed. Babis Vovos posted the big­gest rise for the sec­ond day in suc­ces­sion, with gains of 19.12 per­cent, while Axon Hold­ings led the losers with a 19.39 per­cent de­cline.

Turnover came to 86.3 mil­lion eu­ros, up from 72 mil­lion on Tues­day.

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