Bull trap snares morn­ing stock buy­ers

Kathimerini English - - Front Page -

Morn­ing buy­ers turned into af­ter­noon sell­ers at the Greek bourse yes­ter­day, as the bench­mark swung from gains of 2.96 per­cent to losses of nearly 1 per­cent, in line with most other stock mar­kets on the con­ti­nent. The im­pact of a Turk­ish de­ci­sion to hike in­ter­est rates in aid of the lira wore off quickly, fail­ing to pre­vent a fourth con­sec­u­tive day of losses for the do­mes­tic mar­ket’s main in­dex. The Athens Ex­change (ATHEX) gen­eral in­dex closed at 1,126.35 points, con­tract­ing 0.93 per­cent from Tues­day’s 1,136.97 points. The large-cap FTSE/ATHEX 25 de­clined 1.13 per­cent to 370.11 points, but small-caps posted mar­ginal gains of 0.09 per­cent. Pi­raeus Port Au­thor­ity and OTE tele­com out­per­formed, adding 1.65 per­cent and 1.61 per­cent re­spec­tively, while Fri­go­glass fell 4.71 per­cent and Folli Fol­lie gave up 3.93 per­cent. Stocks were split down the mid­dle, as 67 headed north and 67 de­clined while 17 re­mained un­changed. Turnover

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