Stock mar­ket has en­tered a sum­mer lull

Kathimerini English - - Front Page -

Bourse trad­ing has switched into sum­mer mode, as the week opened with mi­nor losses for the bench­mark and the small­est daily turnover of the last eight months. In­ter­na­tional mar­kets are also look­ing for their di­rec­tion af­ter the de­vel­op­ments in Europe and Turkey over the last few days.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 555.26 points, shed­ding 0.38 per­cent from Fri­day’s 557.36 points. The large­cap FTSE 25 in­dex con­tracted 0.85 per­cent to end at 1,505.45 points, but mid-caps ex­panded 0.74 per­cent and small-caps grew 0.95 per­cent.

The large-cap in­dex dropped mainly due to the 3.04 per­cent de­cline of the bank in­dex, as Na­tional lost 5 per­cent, Pi­raeus fell 3.03 per­cent, Eurobank gave up 2.90 per­cent and Al­pha sur­ren­dered 2.22 per­cent. Hel­lenic Pe­tro­leum de­creased 2.23 per­cent, EYDAP leaked 1.75 per­cent and Pi­raeus Port Author­ity shrank 1.57 per­cent, while Folli Fol­lie in­creased 2.35 per­cent and OTE tele­com rose 1.39 per­cent.

In to­tal 41 stocks reg­is­tered gains, 50 en­dured losses and 14 re­mained un­changed.

Turnover came to a record low for 2016 of 24.2 mil­lion eu­ros, just over half of last Fri­day’s 47 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change con­ceded 0.50 per­cent to close at 65.12 points.

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