Nervy mar­ket sees losses, thin vol­ume

Kathimerini English - - Front Page -

The mar­ket tur­moil con­tin­ued in Athens yes­ter­day, due to fis­cal con­cerns and the busi­ness un­rest re­sult­ing from the Marinopou­los and Je­toil problems. As a re­sult, the ma­jor­ity of Greek stocks re­sumed a south­bound course. Still, the drop was sig­nif­i­cantly con­tained dur­ing the clos­ing auc­tions. The very low trad­ing vol­ume can be ex­plained by the US hol­i­day.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 539.81 points, shed­ding 0.91 per­cent from Fri­day’s 544.76 points. The large­cap FTSE 25 in­dex con­tracted 1.22 per­cent to end at 1,434.29 points.

As un­cer­tainty con­tin­ues in the do­mes­tic credit sec­tor with the re­place­ment of the ad­min­is­tra­tion at the Hel­lenic Financial Sta­bil­ity Fund (HFSF), the banks in­dex took an­other dive, slump­ing 3.90 per­cent. Al­pha fell 5.81 per­cent, Eurobank de­clined 5.09 per­cent and Pi­raeus gave up 2.61 per­cent.

Some non-bank blue chips out­per­formed, such as Lamda De­vel­op­ment (up 3.10 per­cent) and Myti­li­neos (2.56 per­cent). Hel­lenic Petroleum fell 3.95 per­cent and El­lak­tor de­creased 2.90 per­cent.

In total 39 stocks reg­is­tered gains, 44 took losses and 15 re­mained un­changed.

Turnover amounted to 40.8 mil­lion euros, the low­est of the last 53 ses­sions, down from last Fri­day’s 63.3 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change climbed 0.29 per­cent to close at 65.81 points.

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