Profit-taking may lead to shaky start

Greek stocks could be headed for a shaky start to the week today after the market’s recent gains and the profit-taking mood on Wall Street. The Athens Exchange’s benchmark general index fell 2.46 percent on Friday to 1,671.80 points, but still managed to rack up gains of 1.45 percent for the week. Shares in banks plummeted just over five percent as investors locked in recent profits. The sector has advanced 14 percent in the last month. Investors will be looking out for the last of the fourth-quarter figures to be announced by tomorrow as the reporting season winds up. Stock prices also fell around the globe on Friday as investors decided to take the money and run after a stunning 20 percent rally from lows earlier this month. Wall Street capped a strong week on a down note and bank shares dropped after executives of some lenders indicated that March had been a tougher month than the previous two.

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