Water supply and sanitation in Greece

Investors’ wait-and-see stance regarding Greek stocks left the benchmark virtually unchanged on Monday, with the smattering of gains recorded during the day evaporating by the end of the session. Moody’s decision to postpone its revision of Greece’s credit rating contributed to the reduced trade at the start of the month, with turnover dropping to very low levels.

Turnover at the Greek bourse slumped to a 14-month low on Monday as investors hold back due to the uncertainty hanging over negotiations between the government and its creditors.

The Athens Exchange (ATHEX) general index ended at 881.76 points, shedding 1.01 percent from Friday’s 890.74 points. The large-cap FTSE/ATHEX 25 index contracted 1.11 percent to 284.65 points.

The Greek bourse’s banks index hit a 19-month low on Wednesday,sliding 5.06 percent and weighing on the market in yet another session of losses. Market sources explained the fresh decline by pointing to the Capital Market Commission’s probe into naked short selling concerning bank shares last spring.

The local bourse lost about one-seventh of its capitalization in October as the benchmark declined 13.73 percent within the month despite Friday’s gains of almost 1 percent.