New pres­sure on banks take toll on in­dex

Kathimerini English - - Focus -

Banks stock losses weighed on the Greek benchmark yesterday, as the main in­dex headed south for the fourth day in a row. Some key blue chips held their ground, help­ing to con­tain the drop, but the benchmark still closed at the day’s low, mainly af­fected by de­vel­op­ments in Europe and the US.

The ATHEX gen­eral in­dex ended at 652.04 points, shed­ding 0.51 per­cent from Thurs­day’s 648.71 points. How­ever, on a weekly ba­sis it in­creased 2.93 per­cent, thanks to last Mon­day’s rally.

The large-cap FTSE-25 in­dex con­tracted 0.46 per­cent to 1,697.22 points, but the mid-cap in­dex ex­panded 1.12 per­cent.

The banks in­dex slumped 2.59 per­cent, with Eurobank fall­ing 3.12 per­cent, Al­pha de­creased 2.90 per­cent, Pi­raeus con­ceded 1.54 per­cent and Na­tional gave up 1.47 per­cent. PPC shrank 1.44 per­cent, drop­ping for a third con­sec­u­tive day. Co­caCola HBC rose 0.95 per­cent, Lamda De­vel­op­ment grew 0.98 per­cent and Myti­li­neos im­proved 1.14 per­cent.

In to­tal 37 stocks recorded gains, 39 reg­is­tered losses and 40 re­mained un­changed.

Turnover amounted to 40 mil­lion eu­ros, up from Thurs­day’s 37.8 mil­lion.

In Ni­cosia the Cyprus Stock Ex­change gen­eral in­dex ad­vanced 0.36 per­cent to close at 66.89 points.

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