ECONOMY

Banks lead blue chips; index falls in thin trade

The Greek benchmark Athens Exchange (ATHEX) index lost 1.1 percent, to 4,268.58, its lowest since January 23. The FTSE/ATHEX 20 Index of the country’s biggest companies declined 1.1 percent to 2,249.52. The following were among the most active stocks in Athens trading yesterday. ATEbank lost 4 percent, to -3.40, its steepest drop since January 21. UBS downgraded the state-controlled bank to «sell» from «neutral.» EFG Eurobank, Greece’s second-largest bank, dropped for a second day, losing 1.2 percent, to -18.58. Net income rose to -814 million from -601 million a year earlier, the company said after the close of trading. The amount included a -20 million donation to fire victims. Motor Oil fell to the lowest in more than a week, dropping 2.1 percent, to -12.80. Citigroup Inc reduced its price estimate on Greece’s second-biggest refiner to -17 from -26. Metallurgy group Viohalco tumbled 4 percent and National Bank slid a further 2.3 percent. Marfin Popular Bank outperformed among blue chips with a climb of 3.4 percent and Hellenic Petroleum was the only other blue chip to hold its own, rising 0.6 percent. Turnover totaled -266.8 million. The Cypriot General Index gained 0.5 percent to 3,800.63. (Bloomberg, Kathimerini)

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.