Bench­mark weighed down by bank losses

Kathimerini English - - Focus -

Stocks moved within a par­tic­u­larly nar­row range in yes­ter­day’s trad­ing ses­sion at Athi­non Av­enue, as the en­tire econ­omy was hop­ing for a con­crete to­ken of sup­port to come from US Pres­i­dent Barack Obama’s visit to Athens. Even­tu­ally the bench­mark closed near the day’s low, with banks tak­ing quite a hit com­pared to other stocks.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 578.17 points, shed­ding 0.29 per­cent from Mon­day’s 579.88 points. The large­cap FTSE 25 in­dex con­tracted 0.50 per­cent to 1,526.58 points, while mid-caps ex­panded 0.48 per­cent.

The banks in­dex fell 0.88 per­cent, with Pi­raeus Bank de­creas­ing 2.78 per­cent and Na­tional giv­ing up 1.10 per­cent. Bank of Cyprus, which yes­ter­day an­nounced its plans to delist from the Athens bourse, ad­vanced 0.75 per­cent.

Myti­li­neos out­per­formed among large-caps, climb­ing 3.67 per­cent. Jumbo jumped 2.02 per­cent, while METKA fell 4.81 per­cent and EYDAP gave up 4.40 per­cent.

In to­tal 36 stocks re­ported gains, 50 took losses and 17 re­mained un­changed.

Turnover amounted to 36.3 mil­lion eu­ros, up from Mon­day’s 28.2 mil­lion.

As of Novem­ber 30 the stocks of In­tralot and At­tica Bank will be re­moved from the MSCI Small-Cap Greece In­dex.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change de­clined 0.18 per­cent to close at 66.38 points.

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