Sell-off eu­pho­ria wears off

Kathimerini English - - Business & Finance -

The main in­dex on the lo­cal bourse edged higher yes­ter­day but failed to of­fer any dis­tinct signs that could have gen­er­ated op­ti­mism for a solid up­ward trend as most stocks once again reg­is­tered losses.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 1,289.63 points, grow­ing by 0.62 per­cent from Tues­day’s close at 1,281.72 points. The blue chip FTSE/ATHEX 20 in­dex rose by 1.10 per­cent to end at 577.49 points. Both the mid-cap FTSE/ATHEX 40 and the small­cap FTSE/ATHEX 80 in­dices posted losses of 0.15 per­cent.

The rel­a­tive eu­pho­ria re­sult­ing from the gov­ern­ment’s pri­va­ti­za­tions an­nounce­ment has all but evap­o­rated now, with many of the stocks con­cerned post­ing losses yes­ter­day.

Pub­lic Power Cor­po­ra­tion dropped 2.63 per­cent and OTE tele­com de­clined by 1.33 per­cent, while ATEbank lost 4.08 per­cent. El­lak­tor posted a sig­nif­i­cant rise with gains of 9.13 per­cent, fol­lowed by Al­pha Bank (up 5.81 per­cent).

In to­tal, 58 stocks moved up, 75 went down and 51 re­mained un­changed. Babis Vovos en­joyed the big­gest rise, with gains of 13.86 per­cent, while Fier­a­tex led the losers, shed­ding 17.65 per­cent.

Turnover came to 87.6 mil­lion eu­ros, up from 78.8 mil­lion on Tues­day.

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