In­vestor pes­simism drives stock in­dex lower

Kathimerini English - - Focus -

The gloomy out­look re­gard­ing the sec­ond bailout re­view re­sulted in stocks head­ing south in thin trade yes­ter­day, with par­tic­u­larly low mar­ket ex­pec­ta­tions about the In­ter­na­tional Mon­e­tary Fund’s board meet­ing that started long af­ter the bell rang at Athi­non Av­enue.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 620.75 points, shed­ding 1.30 per­cent from Fri­day’s 623.06 points. The large­cap FTSE 25 in­dex con­tracted 1.46 per­cent to end at 1,655.61 points.

Banks slumped 3.66 per­cent, as Pi­raeus fell 4.84 per­cent, Eurobank gave up 4.43 per­cent and Al­pha con­ceded 3.85 per­cent.

Myti­li­neos out­per­formed with its 2.14 per­cent in­crease, while Gri­valia Prop­er­ties dropped 2.91 per­cent.

In to­tal 33 stocks reg­is­tered gains, 51 posted losses and 28 stayed put.

Turnover amounted to 27.3 mil­lion eu­ros, up from Fri­day’s 26.4 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change de­clined 0.64 per­cent to close at 68.33 points.

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