Stock mar­ket be­gins the week with a bull trap

Kathimerini English - - Focus -

Morn­ing gains­gave way to af­ter­noon losses for Greek stocks, with all the main in­dices end­ing the ses­sion near or on their day lows – even though fel­low eu­ro­zone mar­kets headed higher – while turnover was the low­est of the last 20 ses­sions.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 823.46 points, shed­ding 0.64 per­cent from Fri­day’s 828.78 points. The large­cap FTSE-25 in­dex con­tracted 0.75 per­cent to 2,086.83 points, while small-caps climbed 0.55 per­cent.

The banks in­dex de­clined 0.86 per­cent, led by Na­tional (down 1.95 per­cent) and Eurobank (1.31 per­cent). Al­pha stayed put.

Among other blue chips, Aegean Air de­scended 3.09 per­cent and Pi­raeus Port Au­thor­ity fell 2.40 per­cent, but Saran­tis grew 2.07 per­cent.

Stocks were split with 55 post­ing a rise and an­other 55 head­ing south, as 21 closed un­changed. Turnover amounted to just 49.5 mil­lion eu­ros, down from Fri­day’s 75.8 mil­lion.

In Ni­cosia the Cyprus Stock Ex­change gen­eral in­dex ad­vanced 0.49 per­cent to 69.86 points.

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