Investors hold back, await Q1 results

Stocks eased yesterday as investors nervously peered into a week of first-quarter results from three key Greek blue chips, including bourse heavyweight OTE. OTE, which will report first-quarter results on Thursday, turned higher late in the session to add 0.66 percent to 9.12 euros, ending a seven-session losing streak. The Athens benchmark general index lost 0.09 percent to 1,689.33 points. OTE, mobile operator Vodafone-Panafon – which will report results early tomorrow – and utility PPC, which will report early today, together make up about a quarter of the weighting on the general index. Blue chips eased 0.16 percent to 833.55 points, while mid-caps fell 0.74 percent and small-caps lost 1.55 percent. Turnover eased to 86.78 million euros from Friday’s 104.37 million euros, in part due to the fact that the London Stock Exchange was closed yesterday. A total of 25.3 million shares changed hands. Decliners led advancers 240 to 86. (Reuters)

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.