Bourse trad­ing vol­ume hits new year-low

Kathimerini English - - Focus -

Turnover at the Greek bourse slumped to a 14-month low yes­ter­day as in­vestors hold back due to the un­cer­tainty hang­ing over ne­go­ti­a­tions be­tween the gov­ern­ment and its cred­i­tors.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 881.76 points, shed­ding 1.01 per­cent from Fri­day’s 890.74 points. The large­cap FTSE/ATHEX 25 in­dex con­tracted 1.11 per­cent to 284.65 points.

Most stocks posted losses on ac­count of poor growth re­sults from Ja­pan, as in the rest of Euro­pean mar­kets, while banks gave up 0.65 per­cent after a patchy set of re­ports from for­eign ob­servers such as Citi, JP Mor­gan and Gold­man Sachs, whose common de­nom­i­na­tor was the no­table po­lit­i­cal risk.

Blue chip Vio­halco hit a his­toric low of 2.06 euros after giv­ing up 5.07 per­cent. Among the other big losers were El­lak­tor (down 4 per­cent) and OTE tele­com (3.75 per­cent), while Hel­lenic Pe­tro­leum and EYDAP out­per­formed, record­ing gains of 2.59 per­cent and 1.92 per­cent re­spec­tively.

In to­tal 38 stocks regis­tered growth, 67 sus­tained losses and 24 re­mained un­changed.

Turnover amounted to just 34.4 mil­lion euros, down from last Fri­day’s 58.7 mil­lion.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.