Bench­mark gives up 2 pct as cor­rec­tion con­tin­ues

Kathimerini English - - Front Page -

The cor­rec­tion that on Mon­day brought an end to a seven-day rally for Athens stocks con­tin­ued yes­ter­day, with the bench­mark in­dex spend­ing all day in the red to end up with losses of 2 per­cent. Po­lit­i­cal bick­er­ing over the pri­va­ti­za­tion of the credit sec­tor and a post­pone­ment to Eurobank’s share cap­i­tal in­crease played a ma­jor role in the slide.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 1,260.70 points, against Mon­day’s 1,286.47 points. The large-cap FTSE/ATHEX 25 con­tracted by 2.08 per­cent to end at 414.44 points.

Fri­go­glass led the losers, shed­ding 5.02 per­cent, while Marfin In­vest­ment Group de­clined by 4.67 per­cent. Pi­raeus Bank grew by 1.72 per­cent and Pi­raeus Port Au­thor­ity inched up 0.84 per­cent.

In to­tal 53 stocks went up, 96 ended with losses and 14 stayed un­changed.

Turnover reached 94.5 mil­lion eu­ros, down from Mon­day’s 97.8 mil­lion.

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