ECONOMY

Investors and Moody’s wait before acting

Investors’ wait-and-see stance regarding Greek stocks left the benchmark virtually unchanged on Monday, with the smattering of gains recorded during the day evaporating by the end of the session. Moody’s decision to postpone its revision of Greece’s credit rating contributed to the reduced trade at the start of the month, with turnover dropping to very low levels. The technical glitches that emerged did not help either.

The Athens Exchange (ATHEX) general index closed at 963.59 points, adding just 0.04 percent to Friday’s 963.19 points. The large-cap FTSE/ATHEX 25 index inched up 0.14 percent to 313.36 points, but mid-caps declined 0.62 percent.

OPAP gaming company led both in trading volume (over 14 million euros) and in gains among blue chips, adding 3.47 percent on the back of the firm’s 18 percent growth in net earnings in the third quarter of the year.

Ellaktor went up 2.98 percent, Folli Follie added 2.97 percent and Marfin Investment Group rose 2.25 percent. Viohalco contracted 3.35 percent and EYDAP fell 2.90 percent.

In total 55 stocks enjoyed gains, 51 sustained losses and 18 remained unchanged.

Turnover amounted to 63.1 million euros, down from last Friday’s 78.7 million.