Stocks dip 0.32 pct; CCH ral­lies

Kathimerini English - - BUSINESS & FINANCE -

Greek stocks eased 0.32 per­cent yes­ter­day on bank losses de­spite a rally in Coca-Cola Hel­lenic (CCH), the coun­try’s largest com­pany.

The Athens bourse’s bench­mark gen­eral in­dex ended at 1,271.43 points. The blue chip FTSE/ATHEX 20 in­dex re­treated 1.13 per­cent to end at 569.58 points.

Banks slipped 2.58 per­cent. Na­tional Bank (NBG) gave up 2.03 per­cent to 4.83 eu­ros and Eurobank EFG fell 3.35 per­cent to 3.17 eu­ros.

Ac­cord­ing to a note pre­pared by Bar­clays Cap­i­tal, NBG holds 13.2 bil­lion eu­ros of Greek gov­ern­ment debt, the most among any lender. Next on the list comes Eurobank EFG with 9 bil­lion eu­ros of Greek debt and Pi­raeus Bank (BOP) with 8 bil­lion eu­ros of lo­cal bonds. Shares in BOP eased 0.93 per­cent yes­ter­day to 1.06 eu­ros.

CCH, the world’s sec­ond­largest Coke bot­tler, jumped 5.56 per­cent to 19 eu­ros, boost­ing its mar­ket cap­i­tal­iza­tion to al­most 7 bil­lion eu­ros.

OTE tele­com fell 3.13 per­cent to 6.20 eu­ros and power com­pany PPC ended at 9.41 eu­ros, off 1.26 per­cent. Bet­ting com­pany OPAP also ended 1.26 per­cent at 11.16 eu­ros.

Turnover reached 83.3 mil­lion eu­ros.

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