Another day of losses on the stock mar­ket

Kathimerini English - - Focus -

The prospect of long-drawn-out ne­go­ti­a­tions be­tween Athens and its cred­i­tors is test­ing the pa­tience of in­vestors, and that, com­bined with jit­ters re­gard­ing the Dutch gen­eral elec­tion and the Fed’s in­ter­est rate de­ci­sion, led to fur­ther losses at Athi­non Av­enue yes­ter­day.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 632.97 points, shed­ding 0.93 per­cent from Tues­day’s 638.92 points. The large­cap FTSE 25 in­dex con­tracted 0.97 per­cent to 1,689.16 points.

Once again banks led the de­cline in blue chips. The banks in­dex shrank 3.04 per­cent, with Eurobank los­ing 3.66 per­cent, Pi­raeus giv­ing up 3.64 per­cent and Al­pha de­creas­ing 3.57 per­cent.

Among other large-caps, Lamda De­vel­op­ment jumped 3.08 per­cent, while Vio­halco dropped 3.39 per­cent, El­lak­tor con­ceded 2.56 per­cent and OTE tele­com sur­ren­dered 1.86 per­cent.

In to­tal 41 stocks re­ported gains, 63 suf­fered losses and 27 re­mained un­changed.

Turnover amounted to 36 mil­lion eu­ros, up from Tues­day’s 35 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change ad­vanced 0.79 per­cent to 67.37 points.

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