ECONOMY

National Bank, CCHBC buck blue chip decline

Greek stocks stayed southbound yesterday, but small-caps bucked the trend. The Athens Exchange (ATHEX) general index dropped 0.42 percent to 5,096.04 points, as 29 stocks dropped, 25 rose and six ended unchanged. The FTSE/ATHEX 20 index of the country’s largest companies slipped 0.37 percent to 2,701.75. The mid-cap and small-cap indices shed 0.37 percent and advanced 0.96 percent respectively. Marfin Popular, the second-biggest bank in Cyprus, slumped 3.1 percent, to -9.88. Viohalco dropped 3.01 percent, Public Power Corporation was down 2.02 percent and Piraeus Bank lost 1.37 percent. National Bank and Coca-Cola HBC bucked the declining trend, adding 1.55 percent and 0.72 percent respectively. Forthnet fell 0.2 percent, to -11 euros. The nine-month net loss at Greece’s second-biggest provider of Web services widened to -24.9 million from -9.4 million in the same period a year earlier. Titan Cement declined 0.8 percent, to -31.70. Harry Goad, a London-based analyst at Credit Suisse Group, cut his recommendation to «underperform» from «neutral» for Greece’s biggest cement maker. The target price was also cut to -28 from -38. Turnover totaled -382.46 million. (Kathimerini, Bloomberg)

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.