ECONOMY

ATHEX: Main stock index takes dive despite banks’ absence

athex-main-stock-index-takes-dive-despite-banks-absence

The Greek bourse on Monday proved perfectly capable of suffering major losses even without the presence of the four systemic banks in trading, as the stocks of National, Alpha, Eurobank and Piraeus have been suspended until they complete their reverse split. On a monthly basis, the benchmark fell 9.47 percent in November, while banks gave up 77.23 percent.

The Athens Exchange (ATHEX) general index closed at 634.82 points, shedding 2.30 percent from Friday’s 649.79 points. The large-cap FTSE 25 index contracted 2.34 percent to end at 187.72 points.

Public Power Corporation (PPC) accounted for the lion’s share of transactions on Monday, that being 31 million euros out of a total 73.4 million euros in daily trade, on the day it entered the MSCI Standard index. Its stock dropped 1.70 percent.

The biggest blue chip losers were Hellenic Exchanges (down 6.19 percent), OPAP gaming company (5.88 percent) and Titan Cement (5.03 percent). The Athens Water Supply and Sewerage Company (EYDAP) advanced 3.70 percent.

In total 32 stocks posted gains, 48 took losses and 15 stayed unchanged.