Greek Stocks maintained a three-day declining streak on Wednesday, as the General Index lost its positive sign for month just a session before the end of March.
In the wake of yesterday’s downgrade of Greece by Standard & Poor’s and the comments by Fitch about the pressures on the country’s credit ratings, the domestic market failed to recover from yesterday’s losses and was forced to a further decline, despite the upward trends of the European indices.
Banks also extended their downward streak, with their index recording cumulative losses of 7.64% in the last three sessions.
Analysts expect volatility and nervousness to continue in the Athens Stock Exchange, however lower prices on the ASE relative to the current ones should trigger buying interest.
Across the board, the General Index ended at 1558.57 units, down 1.34% with intraday losses of 1.97%. Approximately 26.91mn worth €11.83mn were traded on Wednesday, while a total amount of 89 share declined, 58 rose and 136 remained unchanged.
Banks’ losses amounted to 2.07%, with the index ending at 1270.55 units. Only Bank of Cyprus and Hellenic Postbank ended on positive grounds, posting gains of 3.17% at €2.6 and 0.89% at €3.4 respectively, while ATEbank remained unchanged at €0.74.
On the contrary, Alpha Bank and Piraeus Bank fell by 5.25% and 3.4% respectively, while Eurobank and National Bank declined by 2.61% and 2.33% respectively.
Across FTSE20, PPC and MIG rose by 1.82% and 1.25% respectively, while Coca-Cola 3E posted profits of 0.73% at €19.19. Titan and Hellenic Petroleum remained unchanged at €17.60 and €7.45, while OPAP and Viohalco fell by 4.22% and 4.14% respectively.
In the wake of yesterday’s downgrade of Greece by Standard & Poor’s and the comments by Fitch about the pressures on the country’s credit ratings, the domestic market failed to recover from yesterday’s losses and was forced to a further decline, despite the upward trends of the European indices.
Banks also extended their downward streak, with their index recording cumulative losses of 7.64% in the last three sessions.
Analysts expect volatility and nervousness to continue in the Athens Stock Exchange, however lower prices on the ASE relative to the current ones should trigger buying interest.
Across the board, the General Index ended at 1558.57 units, down 1.34% with intraday losses of 1.97%. Approximately 26.91mn worth €11.83mn were traded on Wednesday, while a total amount of 89 share declined, 58 rose and 136 remained unchanged.
Banks’ losses amounted to 2.07%, with the index ending at 1270.55 units. Only Bank of Cyprus and Hellenic Postbank ended on positive grounds, posting gains of 3.17% at €2.6 and 0.89% at €3.4 respectively, while ATEbank remained unchanged at €0.74.
On the contrary, Alpha Bank and Piraeus Bank fell by 5.25% and 3.4% respectively, while Eurobank and National Bank declined by 2.61% and 2.33% respectively.
Across FTSE20, PPC and MIG rose by 1.82% and 1.25% respectively, while Coca-Cola 3E posted profits of 0.73% at €19.19. Titan and Hellenic Petroleum remained unchanged at €17.60 and €7.45, while OPAP and Viohalco fell by 4.22% and 4.14% respectively.
source: CAPITAL
