Pol­i­tics weighs heav­ily on bourse mood

Kathimerini English - - Front Page -

The un­clear po­lit­i­cal land­scape and de­lays con­cern­ing pri­va­ti­za­tions in the credit sec­tor weighed heav­ily on the mood at the Greek bourse yes­ter­day, im­pos­ing fresh losses on stocks while in­vestors who chose not to be clas­si­fied as sell­ers sim­ply stayed away, with turnover post­ing a con­sid­er­able drop.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 1,239.48 points, shed­ding 2.29 per­cent from Fri­day’s 1,268.53 points. The large­cap FTSE/ATHEX 25 con­tracted by 1.94 per­cent to 407.75 points.

The next few days are seen as de­ci­sive for the fu­ture course of the mar­ket, which re­mains bound to po­lit­i­cal de­vel­op­ments as the gov­ern­ment is des­per­ate for some good news that will change the mood of vot­ers and in­vestors in its fa­vor.

No more than two blue chips were on the win­ning side af­ter the end of trad­ing, with the OPAP gam­ing com­pany adding 1.49 per­cent and Coca-Cola HBC ris­ing 0.19 per­cent. Corinth Pipeworks de­clined by 4.76 per­cent and OTE tele­com fell by 4.12 per­cent.

In to­tal 41 stocks reg­is­tered gains, 101 suf­fered losses and 20 re­mained un­changed.

Turnover amounted to just 67.8 mil­lion eu­ros, down from last Fri­day’s 92.5 mil­lion.

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