Greek Banks Slide To New Lows
The General Index of Athens Stock Exchange ended at session low on Tuesday, while Greek banks slid to new 22-year lows.
Trading volume and turnover remained thin, while OPAP, Motor Oil and Hellenic Petroleum stood out across FTSE20.
The Greek market failed to move aligned with the mild upward trends of European stock exchanges, despite the satisfactory outcome of the auction of Greek treasury bills by the country’s debt agency, focusing on the provisional figures of state budget execution, which reveals an excessive shortfall in revenues.
Moreover, international reports note that there are disagreements between Greece and private creditors over the coupon and the guarantees, with uncertainty over the debt swap program increasing.
On the board, the General Index declined by 0.76% to 656.75 units. All banks ended in red, with overall losses of 2.21% at 242.04 units.
On Tuesday, approximately 24.96 million units of total value of €30.59 million traded, while a total amount of 94 shares retreated, 59 rose and 122 remained unchanged.
OPAP, Motor Oil and Hellenic Petroleum topped FTSE20 with profits of 1.49%, 1.48% and 1.45% respectively, while Folli Follie, Jumbo and Viohalco gained more than 1%. Titan, Ellaktor posted mild profits of 0.89% and 0.87% respectively.
Mytilineos and PPC remained unchanged.
On the other hand, Hellenic Postbank fell by 2.93%, while PPC, Marfin Popular Bank, National Bank and MIG declined by 1.21%, 0.83%, 0.63% and 0.5% respectively.
(capital.gr)
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L'andamento alla Borsa di Atene.