Stocks take a dive af­ter brief rally

Kathimerini English - - BUSINESS & FINANCE -

The ris­ing trend set by Greek stocks on Tues­day proved very short-lived, as yes­ter­day saw an­other south­bound session on the lo­cal bourse, with a num­ber of blue chips sus­tain­ing con­sid­er­able losses af­ter the brief boom.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 1,289.99 points, shrink­ing by 1.49 per­cent from Tues­day’s close at 1,309.46 points. The blue chip FTSE/ATHEX 20 in­dex dropped by 1.52 per­cent to end at 578.36 points.

Among blue chips the big­gest losses were posted by Bank of Cyprus (down 5.65 per­cent), OPAP (4.31 per­cent) and Coca-Cola HBC (3.31 per­cent). On the rise were the blue chips of Pub­lic Power Cor­po­ra­tion (up 3.15 per­cent), El­lak­tor (1.94 per­cent) and OTE tele­com (1.13 per­cent).

In to­tal, 55 stocks moved up, 76 went down and 47 re­mained un­changed. Mar­itime Com­pany of Lesvos reg­is­tered the big­gest rise with gains of 12 per­cent, while Attica Pub­li­ca­tions led the losers, shed­ding 14.81 per­cent.

Turnover came to 127 mil­lion eu­ros, down from 160.8 mil­lion eu­ros in the pre­vi­ous session. Some 94 per­cent of yes­ter­day’s turnover con­cerned blue chips.

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