ATHEX: Main index falls over 2 pct in September

TAGS: Stocks

September deducted 2.05 percent from the value of the Greek bourse’s benchmark as Friday was another day of decline for the majority of blue chips. Banks, whose index lost some 11.2 percent of its value in September, suffered a 0.98 percent drop on the day as the repercussions of the Deutsche Bank turmoil and renewed concerns about state intervention in the Italian credit system were felt by Greek lenders too.

The Athens Exchange (ATHEX) general index closed the month at 565.53 points, shedding 0.48 percent from Thursday’s 568.24 points. On a weekly basis it gave up 1.48 percent.

The FTSE 25 index contracted 0.76 percent to end at 1,500.87 points, while small-caps rose 0.30 percent, helping rising stocks outnumber the losers by just one.

Hellenic Petroleum led blue chips with an advance of 2.07 percent, followed by Eurobank, which increased 1.60 percent. The biggest losses were sustained by Ellaktor (down 3.85 percent), OPAP (2.97 percent) and Alpha Bank (2.63 percent).

In total 49 stocks posted gains, 48 registered losses and 34 remained unchanged.

Turnover amounted to 37.5 million euros, up from Thursday’s 22.2 million.

In Nicosia the general index of the Cyprus Stock Exchange shrank 0.03 percent to close at 66.16 points.