Greek Bank Rose In Volatile Session
The General Index remained unchanged on Friday after strong fluctuations, with cumulative losses of 0.58% for week.
Greek banks fluctuated into a double-digit margin, with Marfin Popular and Eurobank standing out, while National Bank posted intraday profits of 9.51%.
Next week, the Greek market is expected to assess the government’s announcement at the Thessaloniki International Fair over the weekend, but market players have low expectations.
The barrage of warning to Greece from Eurozone partners and international lenders on the need for acceleration of reforms, revival of scenarios for Greece exiting the euro and the drama regarding the disbursement of next aid installment maintain negative sentiment in the market, analysts commented.
They indicate that, the market would continue to move with sole catalysts the negative developments in fiscal figures, which signal for deeper recession, maintaining nervousness and low visibility.
"There is nothing good coming from the macro front. Figures on the economy and the job market are poor and this is making investors reluctant," an analyst told Dow Jones Newswires.
On the board, the General Index ended at 886.73 units with zero change. Intraday profits reached 3.95%, despite losses of 1.76% at the opening.
On Friday, 39.24 million units worth €65.87 million traded, while a total amount of 76 shares rose, 52 declined and 152 remained unchanged.
Banks rose by 2.67% at 544.13 units.
(capital.gr)