STOCKS

ATHEX: More losses inflicted on local stocks

athex-more-losses-inflicted-on-local-stocks

The late selling spree at Athinon Avenue on Friday, associated with the December triple witching, offset more than half of Thursday’s gains for the benchmark and confirmed this was a losing week for the Greek stock market. Sellers focused mainly on bank stocks, with the positive impact from the European Central Bank pledge of support to Greece proving remarkably short-lived.

The Athens Exchange (ATHEX) general index closed at 887.50 points, shedding 0.60% from Thursday’s 892.83 points. On a weekly basis it declined 1.24%.

The large-cap FTSE-25 index contracted 0.79%, ending at 2,128.71 points, and the banks index decreased 2.79%.

Eurobank gave up 3.38%, Alpha fell 3.07%, Hellenic Exchanges lost 2.94%, ElvalHalcor conceded 2.90% and GEK Terna gave up 2.59%. Hellenic Petroleum rose 2.98%, Jumbo advanced 1.70%, Viohalco improved 1.51% and Coca-Cola HBC earned 1.40%.

In total 27 stocks posted gains, 67 counted losses and 20 remained unchanged.

Turnover amounted to 82.4 million euros, up from Thursday’s €64.6 million.

In Nicosia, the general index of the Cyprus Stock Exchange eased 0.07% to close at 66.79 points.