ATHEX: Slide on int’l market rubs off on local stock exchange

TAGS: Stocks

The absence of any substantial developments in Greece resulted in local stocks heading south on Monday, in line with international markets. The benchmark did post a partial recovery in the afternoon, but not enough to make up for the earlier losses. Trading volume was very low.

The Athens Exchange (ATHEX) general index closed at 586.06 points, shedding 0.55 percent from Friday’s 589.20 points. The large-cap FTSE 25 index contracted 0.68 percent to end at 1,551.47 points.

Ellaktor was by far the worst-performing blue chip, giving up 6.72 percent. Alpha Bank fell 2.42 percent, Hellenic Exchanges dropped 2.03 percent and Grivalia Properties gave up 1.89 percent. Jumbo advanced 1.59 percent and Mytilineos expanded 1.24 percent.

In total 39 stocks posted gains, 56 registered losses and 14 were unchanged.

Turnover amounted to 27.2 million euros, down from last Friday’s 31 million.

In Nicosia the general index of the Cyprus Stock Exchange shrank 0.07 percent, closing at 66.90 points.