Stock mar­ket still in search of di­rec­tion

Kathimerini English - - Focus -

The Greek stock mar­ket had a mixed ses­sion yes­ter­day, in line with most of its Euro­pean peers, with the ma­jor­ity of stocks post­ing gains while the bench­mark and blue chips de­clined for a third day in a row. Trad­ing vol­ume re­mained very low, with ob­servers fear­ing the Athens bourse has at­tracted the law of grav­ity that af­fects mar­kets deprived of any sig­nif­i­cant news to keep them go­ing.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 642.50 points, shed­ding 0.37 per­cent from Mon­day’s 644.91 points. The large-cap FTSE 25 in­dex con­tracted 0.49 per­cent to close at 1,718.42 points, while mid-caps ex­panded 0.95 per­cent.

Banks had another day of de­cline as they gave up 1.20 per­cent. Al­pha con­ceded 1.59 per­cent, Pi­raeus dropped 0.99 per­cent and Eurobank fell 0.92 per­cent. PPC out­per­formed, with growth of 1.74 per­cent, fol­lowed by Saran­tis (up 1.52 per­cent) and Vio­halco (1.44 per­cent). Jumbo lost 1.99 per­cent and OPAP de­creased 1.98 per­cent.

In to­tal 56 stocks reg­is­tered gains, 46 sus­tained losses and 24 re­mained un­changed.

Turnover amounted to 26 mil­lion eu­ros, up from Mon­day’s 24.5 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change jumped 1.86 per­cent to close at 70.50 points.

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