Investors stay away in view of H1 results, key decisions

The Greek bourse on Monday hit a year-low in turnover – excluding block trades – as investors appeared to be taking a wait-and-see stance ahead of the first-half results which firms are due to release by August 31, starting Tuesday, and in view of key reform issues which are pending decisions.

The Athens Exchange (ATHEX) general index fell 0.61 percent to 918.82 points in thin trade. Only five stocks mustered turnover of over 1 million euros.

The large-caps index was down 0.77 percent. Betting firm OPAP, which led in turnover (4.83 million euros), shed 1.59 percent, closing at 7.44 euros. National Bank was 1.64 percent lower, at 3 euros and Piraeus Bank was unchanged at 1.03 euros. Alpha Bank gave up 1 percent to 0.49 euros and OTE telecom was unchanged at 6.92 euros.

Decliners beat advancers 64 to 56, while turnover came to 16.53 million euros excluding 2.8 million in block trades.