Stocks re­main on de­clin­ing course for a third ses­sion

Kathimerini English - - Focus -

The down­ward re­vi­sion of the econ­omy’s fourth-quar­ter re­sults by sta­tis­tics agency ELSTAT in­creased un­cer­tainty at the lo­cal bourse yes­ter­day, lead­ing to the third con­sec­u­tive ses­sion of losses for its bench­mark, al­beit not to the ex­tent one might have ex­pected con­sid­er­ing the prob­lems in the bailout re­view and the warn­ing from Moody’s.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 643.50 points, shed­ding 0.96 per­cent from Fri­day’s 649.73 points. The large-cap FTSE 25 in­dex con­tracted 1.10 per­cent to 1,717.22 points.

Bank stocks were at the eye of the storm, giv­ing up 3.61 per­cent: Pi­raeus lost 4.35 per­cent, Eurobank slumped 3.66 per­cent, Al­pha fell 3.45 per­cent and Na­tional sur­ren­dered 3.25 per­cent. El­lak­tor grabbed 1.79 per­cent and Mo­tor Oil rose 1.40 per­cent.

In to­tal 34 stocks posted gains, 58 fell and 38 ended un­changed.

Turnover amounted to 29.5 mil­lion euros, against Fri­day’s 30.2 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change de­clined 1.30 per­cent to close at 65.91 points.

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