Traders eye de­vel­op­ments with cred­i­tors

Kathimerini English - - Focus -

The last week of Novem­ber be­gan with mi­nor losses for the Greek bourse’s bench­mark as traders are an­tic­i­pat­ing de­vel­op­ments re­gard­ing a pend­ing re­view of the Greek pro­gram’s progress by the coun­try’s cred­i­tors. With Fitch main­tain­ing Greece’s ‘B’ credit rat­ing late on Fri­day, the mar­ket is now shift­ing its at­ten­tion to the new rat­ings to be an­nounced by Moody’s at the end of this week.

The Athens Ex­change (ATHEX) gen­eral in­dex ended yes­ter­day at 990.11 points, shed­ding 0.50 per­cent from Fri­day’s 995.07 points. The large-cap FTSE/ATHEX 25 in­dex con­tracted 0.46 per­cent to 321.31 points.

Banks had a mixed per­for­mance but their sec­toral in­dex shrank 0.77 per­cent.

Marfin In­vest­ment Group added 2.12 per­cent, Jumbo edged up 2 per­cent and Gri­valia Prop­er­ties ex­panded 1.93 per­cent. Hel­lenic Ex­changes was the big­gest loser drop­ping 3.55 per­cent, Eurobank fell 3.46 per­cent and El­lak­tor de­clined 3.38 per­cent.

In to­tal 47 stocks re­ported gains, 55 showed losses and 19 re­mained un­changed.

Turnover amounted to 73.2 mil­lion euros, down from last Fri­day’s 112 mil­lion.

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