Wednesday April 23, 2014 Search
Weather | Athens
23o C
15o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Capital gains bill weighs on local stocks

The government’s refusal to heed the market’s warnings and make changes to the draft law on the capital gains tax for stock transactions cast a heavy shadow on the local bourse on Friday as most stocks took a beating on significantly higher turnover.

The Athens Exchange (ATHEX) general index closed at 1,123.86 points, the lowest point since mid-October, slumping 2.74 percent from Thursday’s 1,155.53 points. It follows the first message from the market a week earlier when the index had declined by 2.54 percent. Weekly losses amounted to 2.89 percent.

The large-cap FTSE/ATHEX 25 contracted 2.32 percent on Friday to end at 371.77 points, though small-caps only slipped 0.32 percent.

Hellenic Petroleum suffered the biggest decline, giving up 8 percent, with OPAP gaming company dropping 7.38 percent. Only four blue chips went up, led by Corinth Pipeworks, which gained 3.37 percent, and Coca-Cola HBC, which grew by 2.90 percent.

In total 48 stocks reported gains, 100 registered losses and 21 remained unchanged.

Turnover amounted to 207.6 million euros, the highest in the last 18 sessions, up from Thursday’s 82.8 million euros.

ekathimerini.com , Friday December 20, 2013 (20:25)  
National Bank determined to remain in the Turkish market
Ferries to start using LNG
Investment fund off the ground
Stocks decline after three days of growth
Free drugs for uninsured Greeks
There are between 1.9 and 2.4 million Greeks, or roughly 20 percent of the total population, without social insurance, Health Minister Adonis Georgiadis said on Wednesday as he announced pla...
SYRIZA´s preparation for elections upset again
SYRIZA's preparations for next month's local and European Parliament elections suffered another blow on Wednesday as Ahmet Kurt, one of the leftist party's candidates for the regional counci...
Inside News
BASKETBALL
Reds and Greens stay alive in Euroleague
Easter – and home advantage – worked wonders for Panathinaikos and Olympiakos who stayed alive in the Euroleague play-offs beating CSKA and Real Madrid respectively on Monday in Greece. Shak...
BASKETBALL
Greens lose badly as CSKA Moscow
Panathinaikos has a mountain to climb in order to reach the Final Four of the Euroleague after losing at CSKA Moscow on Friday for a second time in two days, only this time it was comprehens...
Inside Sports
COMMENTARY
It´s too soon for Europe to declare victory
There was a time not so long ago when the vast majority of experts agreed that a country could not emerge decisively from a financial crisis unless it solved problems of both “stocks” and “f...
COMMENTARY
Reality´s other side
There is plenty of evidence pointing to the fact that the country’s real economy has hit rock bottom and is currently entering a phase of growth. Those who know the market well tend to suppo...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. National Bank determined to remain in the Turkish market
2. Ferries to start using LNG
3. Investment fund off the ground
4. Stocks decline after three days of growth
5. Free drugs for uninsured Greeks
6. SYRIZA´s preparation for elections upset again
more news
Today
This Week
1. FBI seeks to identify victims of suspected US child molester who worked abroad, including Greece
2. Greek debt swells again as Samaras looks to creditors for relief
3. Tunisian sought over employment scam
4. Woman dies after falling off state building roof
5. Greece qualifies for new debt relief after 2013 budget surplus
6. Greece sees 2013 primary budget surplus at 1.5 bln euros, says deputy finance minister
Today
This Week
1. Greece's market return mirrors return of tourists
2. Greece startup leaders say they can’t break jobless cycle alone
3. Ground-breaking Good Friday mass signals thaw in Cyprus
4. Mayoral candidates clash over Athens mosque plans
5. Government looks to kick on
6. Greece offers to help find Turkish F-16 lost in 1996
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.