Stocks drop as uncer­tain­ties over­shadow Q3 re­sults

Kathimerini English - - Focus -

Morn­ing gains turned to af­ter­noon losses for Greek stocks yes­ter­day, as the bench­mark dropped be­low the 900-point mark while Na­tional Bank’s stock dropped to a his­toric low of 1.71 euros per share.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 892.84 points, shed­ding 0.87 per­cent from Mon­day’s 900.70 points. The large­cap FTSE/ATHEX 25 in­dex con­tracted 0.95 per­cent to 289.40 points.

The un­cer­tainty hang­ing over the next in­spec­tion by the coun­try’s cred­i­tors, the post-bailout con­di­tions and the po­lit­i­cal land­scape is can­cel­ing out the good news emerg­ing from re­ports of cor­po­rate third-quar­ter re­sults.

Vio­halco sank 10.08 per­cent and El­lak­tor de­clined by 7 per­cent, while Marfin In­vest­ment Group ex­panded 6.76 per­cent.

In to­tal 53 stocks showed gains, 64 posted losses and 16 were non­movers.

Turnover amounted to just 70.1 mil­lion euros, down from Mon­day’s 88.1 mil­lion.

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