In­vestors come back down to earth

Kathimerini English - - Focus -

Tues­day’s gains posted by bank stocks and the lo­cal bourse bench­mark were wiped out yes­ter­day on the re­al­iza­tion that the sec­ond bailout re­view is nowhere near com­ple­tion. The warn­ing for yes­ter­day’s drop for bank stocks had come at the end of trade on Tues­day, by which time their in­dex had sunk to the day’s low.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 647.14 points, shed­ding 1.23 per­cent from Tues­day’s 655.20 points. The large­cap FTSE 25 in­dex con­tracted 1.37 per­cent to end at 1,737.89 points. Mid-caps ex­panded 0.55 per­cent and small-caps grew 1.52 per­cent.

Al­pha Bank dropped 4.40 per­cent as the banks in­dex slumped 3.84 per­cent. Pi­raeus gave up 3.70 per­cent and Na­tional fell 3.67 per­cent.

Pub­lic Power Cor­po­ra­tion con­ceded 3.56 per­cent and El­lak­tor de­creased 2.65 per­cent. Buck­ing the trend were Hel­lenic Pe­tro­leum (up 5.15 per­cent), Lamda Devel­op­ment (1.12 per­cent) and Folli Fol­lie (1.09 per­cent).

In to­tal 48 stocks re­ported gains, 62 sus­tained losses and 27 closed un­changed.

Turnover amounted to 40.7 mil­lion eu­ros, down from Tues­day’s 66.6 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change de­clined 0.15 per­cent to close at 67.01 points.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.