ATHEX ends week on a negative note

27 August 2016
89 Views

The final week of August painted a difficult picture for investors on the Athens Stock Exchange thanks to low trading volumes making even so-called blue chip stocks unattractive.

On Monday the general index strengthened 0.84 percent to 566.01 points. The value of transactions remained low and came to 21.34 million euros.

Positive sentiment prevailed on Tuesday, with the general index gaining 0.33 percent and closing at 567.90 points, although turnover dropped to 17.938 million euros.

A further positive session on Wednesday saw gains of 1.17 percent for the main index. The general index rose a marginal 0.01 percent to 567.94 points. Trading volume came to 26.044 million euros.

The benchmark suffered losses of 0.37 percent and fell to 565.83 points on Thursday.

The negative tone persisted on Friday when the index fell 0.09 percent and transactions did not exceed 25 million euros.

Wednesday’s conclusion of trading for August may prompt foreign funds to restructure their portfolios to mitigate the cumulative impact of Greek stocks’ losses since the start of the year.

You may be interested

Markets uncertain over success of 3rd Greek evaluation, global media say
FINANCE
shares35 views
FINANCE
shares35 views

Markets uncertain over success of 3rd Greek evaluation, global media say

makis - Sep 20, 2017

International media do not share the optimism expressed by the Greek government about the timely completion of the third evaluation,…

Amazing discovery! Archeaologists find temple of Artemis in Euboea!
GREECE
shares35 views
GREECE
shares35 views

Amazing discovery! Archeaologists find temple of Artemis in Euboea!

makis - Sep 20, 2017

A Swiss-led team of archaeologists in Greece has made a spectacular find: the temple of Artemis, a famous open-air sanctuary…

Only Vatican and Greece enjoy such financial benefits, says EWG head
FINANCE
shares41 views
FINANCE
shares41 views

Only Vatican and Greece enjoy such financial benefits, says EWG head

makis - Sep 20, 2017

The President of the Euro Working Group (EWG) Thomas Weiser warned that Greece would be under the oversight of its…

Leave a Comment

Your email address will not be published.