ATHEX starts week with losses

Kathimerini English - - Business & Finance -

The lo­cal bourse re­acted calmly yes­ter­day to the lat­est credit rat­ing down­grade by Fitch and the threat of a new one by Moody’s, al­though global mar­kets’ wor­ries about a new debt cri­sis in the eu­ro­zone sent stocks lower once again.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 1,280.10 points, drop­ping by 1.33 per­cent from last Fri­day’s close at 1,297.36 points. The blue chip FTSE/ATHEX 20 in­dex fell 1.50 per­cent to end at 568.94 points.

The gov­ern­ment’s pri­va­ti­za­tion plans propped up Pub­lic Power Cor­po­ra­tion (2.84 per­cent) and Hel­lenic Post­bank (2.55 per­cent), while Mo­tor Oil added 1.14 per­cent. ATEbank de­clined by a sig­nif­i­cant 5.88 per­cent, El­lak­tor lost 4.71 per­cent, Marfin In­vest­ment Group fol­lowed with a 3.57 per­cent drop and Na­tional Bank con­tracted by 3 per­cent to close at 4.53 eu­ros.

In to­tal, 29 stocks moved up, 100 went down and 45 re­mained un­changed. Te­gopou­los Pub­li­ca­tions posted the big­gest rise, with gains of 15 per­cent, while Babis Vovos led the losers for a sec­ond session in a row, shed­ding 17.48 per­cent.

Turnover came to 74.3 mil­lion eu­ros, down from 78.2 mil­lion last Fri­day.

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