Profit tak­ing sends stock in­dex lower

Kathimerini English - - Front Page -

Traders at the Greek stock mar­ket cashed in the gains made over the pre­vi­ous three days, in a ses­sion with par­tic­u­larly low turnover, partly due to the fact it was a hol­i­day yes­ter­day in the US. Con­cerns are also grow­ing in­ter­na­tion­ally about the in­crease in the num­ber of coro­n­avirus cases, with lo­cal lock­downs be­ing rein­tro­duced.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 658.55 points, shed­ding 0.52% from Thurs­day’s 662 points. On a weekly ba­sis it ad­vanced 2.59%.

The large-cap FTSE 25 in­dex con­tracted 0.49% to 1,595.31 points and the banks in­dex shrank 1.38%.

On the day the works at Elliniko were for­mally launched, con­trac­tor Lamda De­vel­op­ment saw its stock slide 2.56%. Al­pha fell 2.28%, while Mo­tor Oil ex­panded 2.70% and Athens Wa­ter (EYDAP) in­creased 2.61%.

In to­tal 44 stocks posted gains, 48 took losses and 27 re­mained un­changed.

Turnover was the low­est in al­most two months, amount­ing to 30.1 mil­lion eu­ros, down from Thurs­day’s €45.9 mil­lion.

In Ni­cosia, the gen­eral in­dex of the Cyprus Stock Ex­change slipped 0.27% to 48.69 points.

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