Early gains van­ish by end of ses­sion

Kathimerini English - - Focus -

A state­ment of sup­port by Bank of Greece Gover­nor Yan­nis Stournaras got Greek stocks off to a pos­i­tive start yes­ter­day, but a Moody’s re­port stress­ing how much of a chal­lenge bad loans pose to Greek banks soured the mood again, lead­ing the bench­mark back into the red at the close.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 625.83 points, shed­ding 0.05 per­cent from Tues­day’s 626.17 points. The large-cap FTSE-25 in­dex con­tracted 0.29 per­cent to 1,639.40 points.

The banks in­dex con­tin­ued its con­stant slide this month, fall­ing 1.95 per­cent on the day, even though it was up al­most 8 per­cent at one point dur­ing the ses­sion. Na­tional slumped 3.90 per­cent, Pi­raeus con­ceded 2.40 per­cent, Al­pha lost 1.45 per­cent and Eurobank gave up 0.76 per­cent.

Jumbo soared 7.34 per­cent, Mo­tor Oil jumped 4.21 per­cent and GEK Terna im­proved 2.94 per­cent, as Pub­lic Power Cor­po­ra­tion tum­bled 4.84 per­cent and Hel­lenic Pe­tro­leum dropped 3.69 per­cent.

In to­tal 41 stocks posted gains, 43 reg­is­tered losses and 33 stayed put.

Turnover came to 50.5 mil­lion eu­ros, down from Tues­day’s 57.9 mil­lion.

In Ni­cosia the Cyprus Stock Ex­change gen­eral in­dex de­clined 0.17 per­cent to close at 69.14 per­cent.

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