Banks Dragged ASE Lower
Greek Stocks lost profits of previous two sessions, as the General Index closed at session’s low with the total turnover just exceeding €70m.
Banks, which had been under heavy pressure on Thursday, have recorded cumulated losses of 9.3% with only one upward session in May, while National Bank now ranks third in terms of capitalization in the ASE, behind Coca-Cola 3E and OPAP.
Pressures asserted on National Bank, Alpha Bank and Eurobank during the end of the yesterday’s session would most likely continue on Thursday, forecasted Pegasus Securities in its morning report.
Pegasus commented that a closure at session’s low could reintroduce uncertainty and nervousness to a large amount of shares.
Market analysts speak of a disappointing complexion across the board of the Athens Stock Exchange, as the overwhelming majority of investors remain inert, despite the overall decline at devaluation levels.
Across the board, the General Index ended at 1,355.08 units, with losses of 2.38% after a fluctuation within a margin of 36 units. Approximately 22.13 million units worth €70.99 million were traded on Thursday, while a total amount of 97 shares declined, 41 rose and 143 remained unchanged.
Banks moved sharply downwards by 3.61%, at 984.22 units, fluctuating into a margin of 4.13%. Proton Bank and Attica Bank fell by 6.35% and 5.62% respectively, while Piraeus and National Bank declined by 4.85% and 4.61% respectively.
OPAP was the only share to rise in FTSE20, posting profits of 0.69%. Besides banks, Ellaktor and Viohalko moved down by 4.42% and 4.25% respectively, Coca Cola 3E and MIG lost 3.53% and 2.99% respectively.
(capital.gr)
