Cor­rec­tion on bourse ends ris­ing streak

Kathimerini English - - Front Page -

The im­pres­sive rise of the Athens bourse’s main in­dex since De­cem­ber 31 came to an end yes­ter­day as in­vestors opted to cash in on their re­cent gains, which had pushed the mar­ket’s bench­mark up 11.95 per­cent.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 1,286.47 points, shed­ding 0.77 per­cent from Fri­day’s 1,296.39 points. The large­cap FTSE/ATHEX 25 con­tracted 0.43 per­cent to end at 423.24 points, but small-caps con­tin­ued to rise, with their in­dex adding 0.16 per­cent.

Aid­ing in cre­at­ing the mood for a price cor­rec­tion were a Bank of Amer­ica re­port say­ing that Greek banks are not in for a rally, and de­lays seen in the pri­va­ti­za­tion process of the coun­try’s sys­temic lenders, as high­lighted by the op­po­si­tion.

The big­gest rise was re­served for Mo­tor Oil (up 1.61 per­cent), while El­lak­tor gave up 3.76 per­cent, Marfin In­vest­ment Group de­clined by 3.55 per­cent, Hel­lenic Petroleum saw 3.26 per­cent evap­o­rate and Hel­lenic Ex­changes suf­fered a 3.24 per­cent drop.

In to­tal 59 stocks re­ported gains, 87 reg­is­tered losses and 16 re­mained un­changed.

Turnover amounted to 97.8 mil­lion eu­ros, down from last Fri­day’s 147.6 mil­lion.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.