Monday, as the General Index was forced again into heavy losses, closing below 1,500 for the first time since late January.
Amid concerns that the Greek government may be forced to adopt further austerity measures to close a yawning budget gap, and without any change in the negative sentiment caused by the recent downgrades of Greece, previous week’s losses couldn’t put an end to the market’s downward streak, with the analysts speaking about investors’ avoid-risk stance.
Guardian Trust Securities considers this week crucial for the course of Athens Stock Exchange, according to a report, while market sentiment is negative and investors appear generally pessimistic.
Marfin Analysis talked of absence of significant news flow and catalysts, “as deficit missing target and the speculation that this brings about, weigh negatively on investment community sentiment” .
Across the board, the General Index ended at 1,492.44 units, with losses of 2.24%, while intraday losses reached 2.91%. Approximately 30.55 million units worth €107.15 million were traded on Monday, while a total amount of 145 shares declined, 30 closed on positive ground and 108 remained unchanged.
Banks ended with losses of 3.21% at 1,195.18, close to the session’s lows. Proton Bank and Hellenic Postbank suffered the heaviest pressures, fall by 7.04% and 6.57% respectively, while Piraeus Bank and Eurobank declined by 5.76% and 5.75% respectively. Alpha Bank and National Bank posted losses of 2.68% and 2.60%, ending at €4.35 and €6.00 respectively. Marfin Popular Bank, Attica Bank and Bank of Cyprus retreated by 2.30%, 2.02% and 1.21% respectively.
source: CAPITAL
