Lo­cal bank stocks be­gin week with more losses

Kathimerini English - - Focus -

The Greek­stock mar­ket’s banks in­dex slumped to its low­est point in a year yes­ter­day, slid­ing 4.19 per­cent on pro­longed un­cer­tainty re­gard­ing the launch of fore­clo­sures, the han­dling of bad-loan port­fo­lios and the pos­si­bil­ity of yet an­other re­cap­i­tal­iza­tion. This, along with Coca-Cola HBC’s drop, led the bench­mark lower for a sixth con­sec­u­tive day.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 717.47 points, shed­ding 2.27 per­cent from Fri­day’s 734.12 points. The large-cap FTSE-26 in­dex con­tracted 2.73 per­cent to close at 1,874.35 points.

At­tica Bank gave up 5.66 per­cent, Eurobank lost 5.37 per­cent, Pi­raeus de­creased 4.04 per­cent and Al­pha was down 4 per­cent. Coca-Cola fell 3.39 per­cent while OPAP was the only blue chip to rise, in­creas­ing by 0.11 per­cent.

In to­tal 27 stocks posted gains, 79 took losses and 16 stayed un­changed. Turnover amounted to 54 mil­lion eu­ros, up from 43.2 mil­lion on Fri­day.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change gave up 0.88 per­cent to 72.13 points.

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