Bench­mark comes off high

Kathimerini English - - Focus -

As signs had shown on Mon­day, stocks on the Greek bourse con­firmed yes­ter­day that they have run out of steam – at least for the short term – suf­fer­ing size­able losses as the bench­mark fell from a 28-month high. The qual­ity of the drop points to it be­ing more than a mere cor­rec­tion after the re­cent gains.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 848.07 points, shed­ding 1.17 per­cent from Mon­day’s 858.08 points. The large-cap FTSE-26 in­dex de­clined 1.12 per­cent to 2,201.83 points.

The banks in­dex shrank 2.53 per­cent as At­tica lost 4.96 per­cent, Pi­raeus fell 4.21 per­cent, Eurobank dropped 2.94 per­cent and Na­tional de­creased 2.70 per­cent.

Be­sides banks, the blue-chip in­dex was dom­i­nated by the slide of Vio­halco (3.75 per­cent) and the rise of Mo­tor Oil (0.98 per­cent).

In to­tal 37 stocks showed gains, 74 took losses and 17 closed un­changed.

Turnover amounted to 78.8 mil­lion eu­ros, up from Mon­day’s 52.3 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change had a par­al­lel course to that of ATHEX, con­tract­ing 1.16 per­cent to close at 75.26 points.

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