List­less stocks head south on low turnover

Kathimerini English - - Front Page -

The lim­ited flow of fis­cal and cor­po­rate news and the fact that the some Asian mar­kets were closed re­sulted in the Greek bourse hav­ing a par­tic­u­larly quiet ses­sion yes­ter­day, with most stocks post­ing losses. The Athens Ex­change gen­eral in­dex closed at 1,013.35 points, de­clin­ing by 0.90 per­cent from Fri­day’s 1,022.57 points. The large-cap FTSE/ATHEX-25 in­dex con­tracted by 1.14 per­cent, end­ing at 340.86 points. Mar­ket ob­servers sug­gest that with­out any sig­nif­i­cant news from the three main fronts, i.e. share cap­i­tal in­creases, pri­va­ti­za­tions and the ex­e­cu­tion of the bud­get – as yes­ter­day’s an­nounce­ments had al­ready been priced in – lit­tle real ac­tion can be ex­pected on the bourse. Banks suf­fered sig­nif­i­cant losses, as Pi­raeus gave up 6.93 per­cent, Al­pha de­clined by 5.30 per­cent and Na­tional shrunk by 4.42 per­cent. Oil blue chips out­per­formed, as Hel­lenic Pe­tro­leum gained 0.91 per­cent and Mo­tor Oil added 0.23 per­cent, but they were both beaten by OPAP gam­ing com­pany (up 1.37 per­cent). In to­tal 50 stocks went up, 112 reg­is­tered losses and 19 re­mained un­changed. Turnover amounted to 37.3 mil­lion eu­ros, the low­est in the last 29 ses­sions, down from last Fri­day’s 47.1 mil­lion.

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