ATHEX: Bank stocks slide as other blue chips rise

ATHEX: Bank stocks slide as other blue chips rise

The Greek stock market ended the first session of the week on Monday with the benchmark posting a marginal decline. However, the negative mood on international bourses resulting from the inconclusive OPEC talks was offset in Athens by the news of the resumption of talks between the government and the country’s creditors as of today.

The Athens Exchange (ATHEX) general index closed at 574.37 points, dipping 0.06 percent from Friday’s 574.73 points. The large-cap FTSE 25 index contracted 0.12 percent to end at 159.26 points, with blue chips split between banks, which suffered losses, and non-banking stocks, which mostly headed north.

The banks index gave up 1.65 percent, seeing Alpha slide 3.02 percent, National shrink 1.89 percent, Piraeus Bank concede 0.43 percent and Eurobank decrease 0.13 percent.

In contrast, Viohalco expanded 5.61 percent, GEK Terna was up 2.40 percent, Terna Energy rose 2.26 percent and Piraeus Port Authority grew 2.25 percent.

In total 50 stocks reported gains, as mid-caps advanced 1.54 percent, while 43 registered losses and 20 remained unchanged.

Turnover amounted to 57.6 million euros, down from Friday’s 92.3 million.

In Nicosia the general index of the Cyprus Stock Exchange declined 0.31 percent to close at 67.31 points.

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