Little appetite for trading on local bourse

The summer mood appears to have set in among investors, as they seem particularly reluctant to take positions in the local stock market on days with little economic or business activity, as was the case on Monday.

The Athens Exchange (ATHEX) general index closed at 1,242.82 points, shedding just 0.08 percent from Friday’s 1,243.80 points.

The blue chip FTSE/ATHEX 25 also contracted 0.08 percent, closing at 402.01 points, while small-caps added 0.46 percent.

Even a favorable report from Citigroup on the remarkable strengthening of the local banking sector failed to move investors as the banks index gave up 0.71 percent.

Alpha Bank lost 2.84 percent, Hellenic Exchanges shrank 1.94 percent and GEK Terna dropped 1.82 percent.

Eurobank Properties outperformed, adding 2.74 percent, ahead of OPAP (up 2.69 percent) and EYDAP (2.67 percent).

In total 49 stocks registered gains, 62 reported losses and 28 remained unchanged.

Turnover was the lowest of the last 91 sessions, amounting to 56.3 million euros, compared with last Friday’s 72.2 million. This was the fourth day in a row that trading volume declined.