Monday May 25, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Gloom sinks stocks for eighth day

Investor anxiety regarding the outlook for Greek banks combined with heightened insecurity on foreign markets on Wednesday to drive Greek stocks sharply lower for an eighth straight session. This was in tandem with bourses abroad, hit by speculation about a further deterioration in trade relations with Russia and news that Italy is back in recession.

The Athens Exchange (ATHEX) sank 2.66 percent, closing at 1,094.51 points and compounding losses of 9.97 percent in the last eight sessions.

Large-caps, especially banks, bore the brunt of the correction, with their index shedding 2.84 percent. Mid-caps were down 1.74 percent. The banks index plunged 5.71 percent to 138 points, led by Piraeus, which crashed 11.27 percent lower. Eurobank and Alpha Bank were 5.58 percent and 4.50 percent lower respectively. National Bank, which as of Thursday replaces Portugals Banco Espirito Santo in the Stoxx Global 1800 and Stoxx Europe 600, shed 1.76 percent. OTE telecom lost 2.54 percent. In contrast, betting firm OPAP gained 0.68 percent. Turnover soared to 252.14 million euros, of which 74 percent was accounted for by banks, mainly National and Piraeus.

ekathimerini.com , Wednesday August 6, 2014 (21:25)  
VAT adjustment is the way forward
Tender for Thriasio freight center to restart next month
Banks fear NPL sum will reach 100 bln euros
Socar has found a way to opt out of the DESFA deal
Varoufakis slams media over Riga Eurogroup reporting
Greek Finance Minister Yanis Varoufakis on Sunday admitted he had recorded a euro zone finance ministers meeting and criticised media for reporting lies and innuendos on what transpired at...
Greeks back governments red lines, but want to keep euro
Cash-strapped Greeks remain supportive of the leftist government's tough negotiating style, according to a new poll published Sunday, but hope for a deal with creditors that will keep the eu...
Inside News
SOCCER
Berg brace gives Panathinaikos four-point lead
Panathinaikos beat Atromitos on Sunday and took advantage of the goalless draw between PAOK and Asteras Tripolis to open a four-point gap from PAOK at the top of the Super League play-off mi...
SOCCER
Reds add Cup to league trophy with 3-1 win over Xanthi
Olympiakos completed a league-and-cup double on Saturday by beating Xanthi 3-1 in the Greek Cup final at the Olympic Stadium of Athens, that was more balanced than the final score suggests. ...
Inside Sports
COMMENTARY
The good news and the bad
The good news is that a Greek default will most likely be prevented, a deal will be reached with the countrys creditors and an extension will be granted for negotiations over the next bailo...
EDITORIAL
Geopolitical threats
Greece needs to extricate itself from this crisis fast and get back on its feet, not least because the geopolitical climate is becoming increasingly stormy. The Balkan region is re-entering ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Berg brace gives Panathinaikos four-point lead
2. VAT adjustment is the way forward
3. Tender for Thriasio freight center to restart next month
4. Varoufakis slams media over Riga Eurogroup reporting
5. Banks fear NPL sum will reach 100 bln euros
6. Socar has found a way to opt out of the DESFA deal
more news
Today
This Week
1. Greeks back government's red lines, but want to keep euro
2. Greece does not have the money to make June IMF repayment, warns interior minister
3. The good news and the bad
4. SYRIZA seeks new relationship with police
5. Solving islands' water problems would take 66.4 mln euros, study finds
6. Geopolitical threats
Today
This Week
1. The Greek-German breakthrough that didnt come
2. Conspiracy madness
3. Greece came close to not paying IMF
4. National self-awareness put to the test
5. Albanian demarche raises concerns about possible territorial claims over Greece
6. Greek endgame nears for Tsipras as bank collateral hits buffers
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.