Bank stocks down 81 pct since Jan­uary

Kathimerini English - - Focus -

The bench­mark of the Greek stock mar­ket edged higher yesterday, de­spite the banks in­dex post­ing fresh losses of 7.54 per­cent, while trad­ing vol­ume ap­proached but failed to clear the 30-mil­lion-euro mark. It’s now been three months since the cap­i­tal con­trols were im­posed, with traders yet to see any sig­nif­i­cant eas­ing.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 654.20 points, adding 0.60 per­cent to Tues­day’s 650.33 points. The large­cap FTSE 25 in­dex ex­panded 0.15 per­cent to end at 189.77 points.

No­tably the banks in­dex has lost 81.7 per­cent of its value in the year’s first nine months, while the main in­dex has de­clined 20.1 per­cent in the same pe­riod.

Na­tional led the bank chips south yesterday, drop­ping 11.29 per­cent, as Pi­raeus Bank fell 7.14 per­cent and Eurobank shrank 4.35 per­cent. Mo­tor Oil out­per­formed, grow­ing 8 per­cent, fol­lowed by EYDAP (up 3.45 per­cent) and El­lak­tor (2.68 per­cent).

In to­tal 37 stocks re­ported gains, 38 suf­fered losses and 25 re­mained un­changed.

Turnover amounted to 29.2 mil­lion eu­ros, up from Tues­day’s 23.4 mil­lion.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.