ECONOMY

Bank results ahead make stocks jittery

Equities eased yesterday, pulled down by jitters in European bourses, with investors locking in recent gains in the banking sector ahead of nine-month results from three key Greek banks this week. Banks fell 1.38 percent while the Athens benchmark general index eased 0.23 percent to 1,832.13 points. «Investors were happy to lock in gains in the banking sector, while foreign market jitters also weighed,» an analyst said. Index heavyweight National Bank, Greece’s largest, fell 2.01 percent to 15.60 euros. The fact that three major banks are announcing results this week is making investors cautious about the sector. Bank of Cyprus bucked the trend, ending with gains of 5.69 percent to 2.97 euros. Blue chips fell 0.73 percent to 912.09 points, while mid-caps gained 0.84 percent. Small-caps ticked up 1.38 percent. Turnover fell to 63.19 million euros from 78.23 million on Friday with 18.9 million shares traded. Winners beat losers 216 to 95 with 47 shares unchanged on 358 traded. (Reuters)