Stocks slump on prob­lems with re­view

Kathimerini English - - Focus -

The com­plete lackof progress recorded by Thurs­day’s Euro Work­ing Group and the con­fu­sion gen­er­ated by Ger­many’s Fi­nance Min­istry as to whether a new bailout agree­ment may be on the way cre­ated the con­di­tions for a proper Fri­day-the-13th ses­sion on the Greek bourse yes­ter­day, dur­ing which the vast ma­jor­ity of stocks took a dive.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 651.37 points, shed­ding 2.03 per­cent from Thurs­day’s 665.21 points. This erased the week’s gains and the bench­mark was down 1.30 per­cent com­pared to last week’s close.

The large-cap FTSE 25 in­dex con­tracted 2.04 per­cent to end at 1,746.48 points as banks de­clined 3.90 per­cent. Small-caps ex­panded 1.54 per­cent.

In to­tal 32 stocks posted gains, 71 took losses and 18 stayed put.

Turnover came to 38.8 mil­lion eu­ros, up from Thurs­day’s 31.6 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change ad­vanced 0.66 per­cent to close at 69.78 points.

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