HELEX prof­its.

Kathimerini English - - Focus -

coun­try dropped to 33rd place among 128 states, from 32nd last year. Greece scored highly in cri­te­ria such as ac­cess to higher ed­u­ca­tion, health, life ex­pectancy and ac­cess to health­care, but lagged other coun­tries with a sim­i­lar gross do­mes­tic prod­uct in do­mains such as per­sonal free­dom and choice and ac­cess to ba­sic ed­u­ca­tion. Greece’s marks in the area of per­sonal free­dom and choice were among the low­est in the so­cial progress in­dex, rank­ing the coun­try be­tween the Ukraine and Ye­men. Greece also lags con­sid­er­ably in terms of “tol­er­ance to­ward mi­grants,” due to the re­cent refugee cri­sis that led to short­ages in avail­able re­sources.

Hel­lenic Ex­changes Athens Stock Ex­change SA on Mon­day re­ported con­sol­i­dated net after-tax group prof­its of 1.5 mil­lion eu­ros for the first half of the year against 3.2 mil­lion a year ear­lier – i.e. a re­duc­tion of 52 per- cent. The group’s H1 turnover was 13 mil­lion eu­ros, ver­sus 14.9 mil­lion last year, or a de­crease of 12 per­cent. The av­er­age daily traded value amounted to 58.9 mil­lion eu­ros, com­pared to 76 mil­lion eu­ros in H1 of 2016, a 22 per­cent re­duc­tion. The av­er­age cap­i­tal­iza­tion of the Greek cap­i­tal mar­ket in­creased by 15.7 per­cent com­pared to the first half of 2016 (47.5 bil­lion against 41.1 bil­lion eu­ros). Mar­ket liq­uid­ity, as mea­sured by turnover ve­loc­ity, dropped to 31 per­cent in Jan­uary-June this year, against 46.3 per­cent in 2016, while daily av­er­age turnover was 85.5 mil­lion shares this year from 127.3 mil­lion shares in the first half of last year.

Min­ing funds. The min­ing sec­tor is con­tin­u­ing with the im­ple­men­ta­tion and plan­ning of in­vest­ments ad­ding up to 1.7 bil­lion eu­ros by 2020, even though its re­turn in­dex is far lower than in 2010. Half the sec­tor’s firms are no longer profit-mak­ing, but min­ing is at­tract­ing for­eign di­rect in­vest­ment thanks to Greece’s rich range of re­sources.

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