ECONOMY

ATHEX: Benchmark heads south for a fifth day

athex-benchmark-heads-south-for-a-fifth-day

The extended negotiations between the government and creditor representatives, the near certain prolongation of the banks’ book building and the feared impact of last Friday’s terrorist attacks in Paris took a toll on Greek stock prices on Monday as the local market continued its southbound course.

The Athens Exchange (ATHEX) general index closed at 643.85 points, shedding 1.34 percent from Friday’s 652.61 points. This was the fifth consecutive session of losses for the benchmark that now add up to 5.80 percent. The large-cap FTSE 25 index contracted 0.93 percent to end at 191.70 points.

Piraeus and Alpha Bank recorded new historic lows, as Piraeus dropped 4.65 percent to 0.041 euros and Alpha fell 8.57 percent to 0.064 euros.

EYDAP tumbled 6.08 percent, Ellaktor lost 5.85 percent and Grivalia Properties declined 5.37 percent, while Eurobank advanced 3.85 percent, OTE telecom increased 1.75 percent and National Bank strengthened 1.49 percent.

In total 22 stocks registered gains, 64 suffered losses and 19 remained unchanged.

Turnover amounted to 41.2 million euros, down from last Friday’s 55.7 million.