Most blue chips re­bound, while bank stocks crum­ble

Kathimerini English - - Front Page -

The prospect of a new bailout agree­ment (in­clud­ing a new re­cap­i­tal­iza­tion for banks – that will de­value ex­ist­ing shares in the sec­tor) re­sulted in most blue chips and other stocks en­joy­ing their first gains yesterday af­ter the bourse re­opened on Mon­day, and in banks record­ing another limit down.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 659.94 points, shed­ding 1.22 per­cent from Mon­day’s 668.06 points. It dipped al­most 5 per­cent at the be­gin­ning of trade. The large-cap FTSE 25 in­dex de­clined 3.61 per­cent to end up at 194.45 points.

The banks in­dex plunged to an all­time low of 326.56 points yesterday, los­ing 29.26 per­cent, as Pi­raeus fell 30 per­cent, Eurobank 29.70 per­cent, Al­pha 29.65 per­cent and Na­tional 28.45 per­cent. On the other hand most other blue chips posted a re­mark­able re­bound, with Lamda De­vel­op­ment soar­ing 12.39 per­cent and METKA surg­ing 11.94 per­cent.

Sixty stocks went up, 34 posted losses and nine closed un­changed. Turnover came to 63.7 mil­lion eu­ros, from Mon­day’s 66.9 mil­lion.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.