Eight-month low for bank stocks in­dex

Kathimerini English - - Focus -

Greek stocks con­tin­ued to slide for a fifth con­sec­u­tive ses­sion yes­ter­day (the first drop of such a long du­ra­tion in 17 months), with the banks in­dex slump­ing to its low­est point in eight months and blue chip Lamda De­vel­op­ment also fall­ing for a fifth straight ses­sion on con­cerns over Elliniko.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 734.12 points, shed­ding 0.95 per­cent from Thurs­day’s 741.13 points. On a weekly ba­sis it gave up 3.86 per­cent.

The large-cap FTSE-26 in­dex con­tracted 0.90 per­cent to close at 1,926.97 points, while mid-caps ex­panded 0.05 per­cent.

Banks were down 1.20 per­cent, with Eurobank de­creas­ing 2.54 per­cent and Na­tional con­ced­ing 1.56 per­cent, while At­tica rose 1.92 per­cent.

After see­ing its Elliniko de­vel­op­ment plans ham­pered fur­ther, Lamda’s stock shrank 6.78 per­cent. El­lak­tor con­tracted 2.44 per­cent and ADMIE Hold­ings fell 2.18 per­cent. Hel­lenic Pe­tro­leum, which on Thurs­day posted high nine-month prof­its and the dis­tri­bu­tion of a div­i­dend of 0.15 per share, in­creased 2.02 per­cent.

In to­tal 36 stocks re­ported gains, 56 took losses and 20 re­mained un­changed. Turnover amounted to 43.2 mil­lion eu­ros, down from 45 mil­lion on Thurs­day.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change slid 0.75 per­cent to 72.77 points.

Aegean Air re­ported a con­sid­er­able in­crease in pas­sen­ger seat oc­cu­pancy rates over the first nine months of the year, with the ris­ing traf­fic ben­e­fit­ing the car­rier’s fi­nan­cial re­sults. Pre­tax prof­its reached 101.9 mil­lion eu­ros, while after-tax earn­ings in­creased 40 per­cent year-on-year to 71.7 mil­lion eu­ros. In the tra­di­tion­ally strong­est quar­ter of the year (Ju­lySeptem­ber), group rev­enues came to 445.6 mil­lion eu­ros, up 7 per­cent from the third quar­ter of 2016. In to­tal in the year’s first nine months there were 11 per­cent more pas­sen­gers per flight and to­tal traf­fic in­creased by 4 per­cent.

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