The General Index of the Athens Exchange returns to the levels before the adoption of the medium-term fiscal program.
Market analysts speak of a grim climate in Europe after the downgrade of Portugal’s ratings, while they focus on the outcome of the meeting of the board of the European Central Bank, expecting the key ECB interest rate to increase.
Despite yesterday΄s very disappointing session, Pegasus Securities remains positive as to the market΄s short-term trend, considering that the characteristics of the General Index΄s retreat (low trading volume, sales towards the conclusion of the session) point towards the gradual exhaustion of ask-side interest, especially as long as this adjustment is not further supported by specific negative news content.
On the board, the General Index is at 1,253.36 units, down 0.98%. The turnover stands at €39.4 million, while a total amount of 52 shares decline, 31 rise and 31 remain unchanged.
Banks are under pressure, posting losses of 3.13% at 924.53 units. ATEBank falls by 20.74%, while Marfin Popular Bank and Alpha Bank lose 3.28% and 3.25% respectively.
More: CAPITALAfter three consecutive downward sessions, the Greek board succumbs to concerns about the fate of the proposal for the rollover of Greek debt, with few upward exceptions in non-bank shares.
