ATHEX: Benchmark remains stuck in doldrums


It was more of the same for Greek stocks on Monday, with the benchmark slipping further away from the 600-point mark and trading volume remaining below 30 million euros. It has become pretty clear by now that it will take concrete fiscal or corporate developments for the situation on the Greek bourse to change.

The Athens Exchange (ATHEX) general index closed at 593.13 points, shedding 0.15 percent from Friday’s 594 points. The large-cap FTSE 25 index contracted 0.33 percent to end at 1,572.52 points, while small-caps expanded 0.36 percent.

Banks slumped 1.73 percent, with National falling 2.54 percent, Piraeus dropping 2.03 percent and Eurobank losing 1.67 percent.

The day’s winners among blue chips were Public Power Corporation (up 2.06 percent), Folli Follie (2.78 percent) Hellenic Exchanges (2.45 percent) and Jumbo (2.39 percent). GEK Terna conceded 2.37 percent and Ellaktor slid 1.57 percent.

In total 34 stocks reported gains, 52 registered losses and 18 remained unchanged.

Turnover amounted to 28.4 million euros, up from last Friday’s 26.4 million.

In Nicosia the general index of the Cyprus Stock Exchange gave up 0.29 percent to close at 65.55 points.