In­vestors cash in on re­cent bourse gains

Kathimerini English - - Focus -

The mod­er­ate de­cline of the Athens bourse bench­mark yes­ter­day was seen more as a spot of profit tak­ing after three con­sec­u­tive days of gains and less as an end to the growth course that is ex­pected to con­tinue ahead of the re­view of Greece’s sov­er­eign credit rat­ing by Moody’s and Prime Min­is­ter Alexis Tsipras’s trip to the US next week.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 748.61 points, shed­ding 0.85 per­cent from Tues­day’s 755.03 points. The large-cap FTSE-26 in­dex con­tracted 0.70 per­cent to close at 1,970.76 points, while small-caps ex­panded 0.49 per­cent.

Banks lost 1.67 per­cent as Eurobank dived 4.24 per­cent, Pi­raeus fell 2.01 per­cent, At­tica lost 1.85 per­cent and Al­pha de­creased 1.21 per­cent.

Jumbo slumped 2.54 per­cent and ADMIE Hold­ings shrank 2.14 per­cent, with Vio­halco be­ing the only blue chip to ad­vance more than 1 per­cent (up 2.29 per­cent).

In to­tal 27 stocks posted gains, 64 en­dured losses and 20 closed un­changed.

Turnover amounted to 40.9 mil­lion eu­ros, down from Tues­day’s 43.4 mil­lion.

The gen­eral in­dex of the Cyprus Stock Ex­change in Ni­cosia de­clined 0.33 per­cent to 73.21 points.

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