Banks drag bourse lower

Kathimerini English - - Front Page -

The Greek bourse’s banks in­dex hit a 19-month low yes­ter­day, slid­ing 5.06 per­cent and weigh­ing on the mar­ket in yet another ses­sion of losses. Mar­ket sources ex­plained the fresh de­cline by point­ing to the Cap­i­tal Mar­ket Com­mis­sion’s probe into naked short sell­ing con­cern­ing bank shares last spring.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 872.31 points, shed­ding 2.30 per­cent from Tues­day’s 892.84 points. The large-cap FTSE/ATHEX 25 in­dex fell 2.49 per­cent to 282.18 points, but small-caps ex­panded by 0.68 per­cent.

El­lak­tor fared the worst among blue chips, drop­ping 9.29 per­cent, fol­lowed by banks Al­pha (down 6.74 per­cent), Na­tional (5.85 per­cent) and Pi­raeus (4.63 per­cent). The Athens Wa­ter Sup­ply and Sew­er­age Company (EYDAP) was the big­gest earner as it climbed 3.16 per­cent, with the OPAP gaming company ris­ing by 1.33 per­cent.

In to­tal 36 stocks regis­tered gains, 77 showed losses and 18 re­mained un­changed.

Turnover amounted to 95.4 mil­lion euros, up from Tues­day’s 70.1 mil­lion.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.