Greek Banks End Higher, General Index Posts Marginal Losses
Athens Stock Exchange ended with marginal losses in thin trade on Wednesday, as the General Index failed again to break the resistance of 670 units.
Greek banks ended in positive territory, albeit with trimmed profits, while OTE, PPC and Coca-Cola closed on negative grounds across FTSE20.
The market still focuses on the news flow regarding the negotiation on Greek debt write-down program, after Finance Minister E.Venizelos said on Tuesday that Greece and private investors are close to an agreement.
However, Reuters reported today that a Spanish hedge fund, Vega Asset Management, involved in PSI program, withdrew from the negotiations.
Meanwhile, the first of a series of auctions to supply liquidity to Eurozone banks by the ECB took place on Wednesday, raising €489 billion, a figure significantly higher than analyst estimates. However, capital markets saw in the development with cautiousness.
On the board, the General Index ended at 659.34 units with losses of 0.11%, despite intraday gains of 1.63% to 670.83 units.
Banks, which posted intraday profits of 4.37%, finally closed at 238.71 units, up 1.64%.
On Wednesday approximately 19.17 million units of total value of €23.49 million traded, while a total amount of 63 shares declined, 78 rose and 134 remained unchanged.
Marfin Popular Bank, Cyprus Bank and MIG topped FTSE20 with profits of 5.37%, 5.34% and 5.15%, while Ellaktor and Hellenic Postbank rose by 2.75% and 2.66% respectively. Hellenic Petroleum and Mytilineos ended up 2.56% and 2.47% respectively, while Alpha Bank, Jumbo, Motor Oil and Piraeus Bank posted minor profits.
National Bank, OPAP, Viohalco and Eurobank remained unchanged at €1.58, €6.7, €2.91 and €0.299 respectively.
On the other hand, OTE fell by 4.2%, while Titan and PPC declined by 2.94% and 2.65% respectively. Follie Follie posted losses of 1.6%, while Coca-Coca 3E ended down 0.76%.
(capital.gr)
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L'andamento alla Borsa di Atene.