Big monthly drop for stocks

Kathimerini English - - Focus -

The lo­cal bourse lost about one-sev­enth of its cap­i­tal­iza­tion in Oc­to­ber as the bench­mark de­clined 13.73 per­cent within the month de­spite yes­ter­day’s gains of almost 1 per­cent. The wave of global mar­ket eu­pho­ria gen­er­ated by the Bank of Ja­pan’s decision to ex­pand its mon­e­tary eas­ing plan came to the Greek mar­ket as no more than a rip­ple, given the firm south­bound course the lo­cal mar­ket has been on in re­cent months. Oc­to­ber was the sev­enth month of losses in a row.

The Athens Ex­change (ATHEX) gen­eral in­dex ended yes­ter­day at 915.83 points, adding 0.98 per­cent to Thurs­day’s 906.97 points. On a weekly ba­sis it dropped 7.62 per­cent. The large-cap FTSE/ATHEX 25 in­dex ex­panded 1 per­cent to 299.27 points.

Five blue chips posted gains of more than 4 per­cent, led by EYDAP (up 4.95 per­cent) and Mo­tor Oil (4.85 per­cent). Vio­halco gave up 5.56 per­cent.

In to­tal 45 stocks re­ported gains, 55 took losses and 22 re­mained un­changed.

Turnover amounted to 124.1 mil­lion euros, down from Thurs­day’s 180 mil­lion.

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