ECONOMY

Little action on bourse as investors anticipate bank moves

Local trade saw stocks rise at the start of Monday’s session, with the main index reaching 1,029 points late in the morning. However the upward momentum was short-lived, as the benchmark slipping into negative territory, led mostly by small-caps, with investors awaiting the extraordinary general meetings of Piraeus Bank today and Alpha on Thursday.

The Athens Exchange general index ended the day at 1,013.79 points, shrinking by 0.07 percent from Friday’s 1,014.53-point close. The large-cap FTSE/ATHEX-25 index gave up 0.34 percent, ending at 341.05 points.

In total 68 stocks went up, 95 posted losses and 29 remained unchanged.

Turnover amounted to 70.2 million euros, up on Friday’s 69.2 million.

The Capital Market Commission has extended the ban on short-selling only for banking stocks, until April 30.