Sting in tail of trad­ing week

Kathimerini English - - Focus -

One day was all it took to wipe out all of the week’s gains yes­ter­day, as banks led the Greek bourse to ma­jor losses in the af­ter­math of a Eurogroup meet­ing that showed there is sig­nif­i­cant dis­tance yet be­tween the gov­ern­ment and eu­ro­zone fi­nance min­is­ters.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 910.50 points, shed­ding 5.38 per­cent from Thurs­day’s 962.31 points. On a weekly ba­sis it shrank by 0.58 per­cent de­spite four days of mod­er­ate gains from Mon­day to Thurs­day.

The large-cap FTSE/ATHEX 25 in­dex con­tracted 5.60 per­cent to 295.40 points.

Banks have the great­est ex­po­sure to for­eign in­vestors and they were hit hard­est yes­ter­day as their in­dex plunged 8.41 per­cent. Eurobank dropped 10.74 per­cent, El­lak­tor slumped 10.19 and Pi­raeus Bank gave up 10.08 per­cent. The only blue chip to rise was Metka, adding 0.57 per­cent.

In to­tal 25 stocks regis­tered growth, 85 recorded losses and 13 re­mained un­changed.

Turnover amounted to 99 mil­lion euros, up from Thurs­day’s 71.6 mil­lion.

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