BUSINESS

September off to slow start in Greek bourse

September started with marginal losses at the Greek bourse and the fourth-lowest daily turnover this year as investors continued to stay away due to the lack of a clear fiscal landscape ahead of talks between Athens and its international creditors. The revision of the economic contraction during the second quarter by ELSTAT did not help matters either.

The Athens Exchange (ATHEX) general index ended at 1,159.20 points, shedding 0.22 percent from Friday’s 1,161.81 points. The large-cap FTSE/ATHEX 25 index contracted 0.12 percent to close at 376.19 points, while mid-caps edged up 0.01 percent.

METKA rose 1.14 percent and Marfin Investment Group expanded by 1 percent. On the other hand Motor Oil fell 3.05 percent and Terna Energy declined by 1.90 percent.

Geniki Bank added 19.82 percent on the approval by parent company Piraeus Group’s governing board of the lender’s merger with Piraeus Bank.

In total 50 stocks registered gains, 56 sustained losses and 19 remained unchanged.

Turnover amounted to just 48.6 million euros, partly owing to Monday’s holiday in the US.

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