ASE: Lost in the fog
Athens Stock Exchange, remained trapped on the concerns about the outcome of the negotiations of PSI and to persistent scenarios for a possible exit the euro. At the same time, the arrival of Troika in Athens, extended the downward streak.
The Greek market, completely cut off from the trend of European markets, failed to find excuses to react and levels of support, despite the satisfaction from the Greek auction of T-Bills.
The "background" of uncertainty, the speculation over the final debt haircut and the public statements concerning the risk of the country thrown out of the Eurozone, enriched with government’s disputes for the new measures.
On the board, the market focused on tomorrow meeting between the head of the Institute of International Finance, Charles Dallara, the Greek Prime Minister Lucas Papademos and Finance Minister E. Venizelos.
Without having closed upwards in any session in 2012, after six consecutive sessions, the general index record total looses of 8.09%, while at the same time the banks have lost 19.01%.
On the board the General Index declined intraday up to 1.98%, despite gaining 0.77% at the begging of the day, and finished at 625.35 units having lost 1.75%.
The bank’s index, which "wiped out" gains of 2.55%, traded near a day low and closed the day with a 2,26% decline at 212.89 units.
The trading volume stood at 24.13 million units worth 29.43 million euros, while 94 shares closed with a drop, 54 closed up and 127 remained unchanged.
(capital.gr)