Stocks slide anew as bears get set­tled

Kathimerini English - - Front Page -

The trad­ing week in Greece got off to another south­bound start, with the bench­mark slid­ing by as much as 2.5 per­cent mid­ses­sion be­fore climb­ing again and con­tain­ing losses to just over 1 per­cent. It ap­pears that the bears are get­ting set­tled at Athi­non Av­enue and won’t be mov­ing un­til the po­lit­i­cal land­scape clears.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 900.70 points, shed­ding 1.08 per­cent from Fri­day’s 910.50 points. The large­cap FTSE/ATHEX 25 in­dex con­tracted 1.09 per­cent to 292.17 points, while small-caps posted a healthy rise of 1.75 per­cent.

Gri­valia Prop­er­ties – for­merly Eurobank Prop­er­ties – out­per­formed with a rise of 3.86 per­cent, fol­lowed by El­lak­tor, which added 2.10 per­cent. Mo­tor Oil fell 4.88 per­cent and Pub­lic Power Cor­po­ra­tion gave up 4.32 per­cent.

At­tica Bank’s stock reached a new his­toric low after the lender’s gen­eral meet­ing was again in­ter­rupted be­fore a decision could be reached on a share cap­i­tal in­crease. The meet­ing will re­sume next month.

In to­tal 39 stocks regis­tered gains, 70 recorded losses and 26 re­mained un­changed.

Turnover amounted to 88.1 mil­lion euros, down from Fri­day’s 99 mil­lion.

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