Af­ter­noon sales wipe out morn­ing gains

Kathimerini English - - Front Page -

The af­ter­noon sell­ers out­weighed the morn­ing’s buy­ers in Athens yes­ter­day, with the ma­jor­ity of stocks post­ing mod­er­ate losses at the end of trad­ing. It was also the bourse ses­sion with the low­est turnover so far this year.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 836.58 points, shed­ding 0.49 per­cent from Tues­day’s 840.71 points, de­spite climb­ing as high as 857 points at one point dur­ing the day.

The large-cap FTSE/ATHEX-25 in­dex con­tracted by 0.84 per­cent to 280.02 points, while the small­cap in­dex posted a rise of 0.16 per­cent.

A late surge al­lowed OPAP and National Bank to reg­is­ter some gains, amount­ing to 3.97 per­cent for the gam­ing com­pany and 3.27 per­cent for the lender. Marfin In­vest­ment Group de­clined by 7.59 per­cent, In­tralot fell by 6.32 per­cent and Vio­halco lost 5.34 per­cent.

Mean­while a Reuters re­port stated yes­ter­day that the Cap­i­tal Mar­ket Com­mis­sion in­tends to lift the ban on short-sell­ing once the sys­temic banks have com­pleted their re­cap­i­tal­iza­tion in Au­gust.

In to­tal, 55 stocks posted gains, 71 recorded losses and 22 re­mained un­changed.

Turnover amounted to just 35.3 mil­lion eu­ros, down from Tues­day’s 51.1 mil­lion.

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