Un­cer­tainty sees stock price slide con­tinue

Kathimerini English - - Focus -

The de­cline that be­gan on Fri­day con­tin­ued yes­ter­day on the lo­cal stock mar­ket as un­cer­tainty over the course of Greece’s sec­ond bailout re­view and the coun­try’s fu­ture fund­ing showed no sign of dis­si­pat­ing.

The Athens Ex­change (ATHEX) general in­dex closed at 644.91 points, shed­ding 1.04 per­cent from Fri­day’s 651.37 points. The large-cap FTSE 25 in­dex con­tracted 1.12 per­cent to close at 1,726.87 points, while mid­caps ex­panded 0.63 per­cent.

The de­clines posted by Na­tional (down 4.35 per­cent) and Pi­raeus (4.25 per­cent) led the banks in­dex to a 3.07 slide yes­ter­day. Eurobank dropped 2.68 per­cent and Al­pha gave up 2.07 per­cent.

Jumbo rose 3.84 per­cent on the back of fa­vor­able six-month re­sults, while Folli Fol­lie fell 1.73 per­cent.

In to­tal 43 stocks re­ported gains, 60 posted losses and 17 closed with­out a change. Turnover amounted to 24.5 mil­lion eu­ros, down from last Fri­day’s 38.8 mil­lion.

In Ni­cosia the general in­dex of the Cyprus Stock Ex­change de­clined 0.82 per­cent to close at 69.21 points.

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