Thursday Jul 31, 2014 Search
Weather | Athens
32o C
25o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
S&P report takes heavy toll on stocks

The Standard & Poors report on Greek banks inflicted fresh losses on their respective stocks and sealed the benchmarks end-of-week fate, as it posted the biggest weekly drop of 2014, giving up 7.35 percent from last Friday.

The Athens Exchange (ATHEX) general index closed at 1,209.97 points, contracting 1.34 percent from Thursdays 1,226.45 points. The blue chip FTSE/ATHEX 25 had 1.32 percent deducted to close at 390.40 points.

In a report late on Thursday, S&P classified the local banking sector as top-risk, along with Egypt and Belarus. It stressed the impact of fiscal problems on the sector, the high credit risk and the significant funding imbalances. It particularly drew attention to the considerably higher bank losses in Greece compared to countries with a similar level of private sector leverage.

Marfin Investment Group outperformed among blue chips with its 6.38 percent rise, while Mytilineos was the worst off, giving up 4.84 percent, and Titan Cement conceded 4.11 percent.

In total 44 stocks reported gains, 72 registered losses and 22 remained unchanged.

Turnover amounted to 116.7 million euros, up from Thursdays 104.6 million.

ekathimerini.com , Friday June 27, 2014 (20:25)  
Only 5 percent of stores see brisker business during this years summer sales
Euro flows reveal shift in sentiment as losses mount
EU puzzles over emergency funds for euro area bank crisis agency
Govt reins in spending of regions
Fake psychic caught in Thessaloniki after gaining 35,000 from victim
A 75-year-old woman has been arrested in Thessaloniki for pretending to be a psychic and convincing 58-year-old woman suffering from an illness to give her 35,000 euros. The 75-year-old woma...
Motorists refusing to pay tolls on Corinth-Kalamata highway to be monitored
Cameras are to be installed at toll booths on the Corinth to Kalamata national road in the Peloponnese to record the details of cars whose drivers fail to pay toll charges. The devices will ...
Inside News
SOCCER
Goalless draw at Liege puts Greens in driving seat
Panathinaikos got the upper hand in the battle for entry to the Champions League playoffs after snatching a goalless draw at Standard Liege on Wednesday. If anything, the Greek cup holders m...
SOCCER
Greek league recruits former referee Dallas
Former referee Hugh Dallas has been appointed as the head referee of the Greek Super League, the Hellenic Football Federation (EPO) said in a statement on Wednesday. The 56-year-old Scot ear...
Inside Sports
EDITORIAL
Populism eating up education
The fact that the issue of education is not topping the list of priorities for the current coalition government, but instead, has been left in the hands of incapable politicians is utterly i...
COMMENTARY
A valued but mistreated professional
I did not know much on a personal level about Dimitris Stefanou, Greeces former administrative reform general secretary who died earlier this week at the age of 46. I did, however, have a s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Fake psychic caught in Thessaloniki after gaining 35,000 from victim
2. Only 5 percent of stores see brisker business during this years summer sales
3. Motorists refusing to pay tolls on Corinth-Kalamata highway to be monitored
4. Euro flows reveal shift in sentiment as losses mount
5. EU puzzles over emergency funds for euro area bank crisis agency
6. Goalless draw at Liege puts Greens in driving seat
more news
Today
This Week
1. Euro flows reveal shift in sentiment as losses mount
2. Motorists refusing to pay tolls on Corinth-Kalamata highway to be monitored
3. EU puzzles over emergency funds for euro area bank crisis agency
4. Only 5 percent of stores see brisker business during this year's summer sales
5. Fake psychic caught in Thessaloniki after gaining 35,000 from victim
6. Wine cup used by Pericles found in grave north of Athens
Today
This Week
1. Quadriplegic woman on life support 'dies due to unpaid power bills'
2. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
3. Defense Minister Avramopoulos to represent Greece at European Commission
4. Front-line threats
5. Wine cup used by Pericles found in grave north of Athens
6. Greece names fifth privatization agency chief in four years
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.