Traders eye developments with creditors
The last week of November began with minor losses for the Greek bourses benchmark as traders are anticipating developments regarding a pending review of the Greek programs progress by the countrys creditors. With Fitch maintaining Greeces B credit rating late on Friday, the market is now shifting its attention to the new ratings to be announced by Moodys at the end of this week.
The Athens Exchange (ATHEX) general index ended on Monday at 990.11 points, shedding 0.50 percent from Fridays 995.07 points. The large-cap FTSE/ATHEX 25 index contracted 0.46 percent to 321.31 points.
Banks had a mixed performance but their sectoral index shrank 0.77 percent.
Marfin Investment Group added 2.12 percent, Jumbo edged up 2 percent and Grivalia Properties expanded 1.93 percent. Hellenic Exchanges was the biggest loser dropping 3.55 percent, Eurobank fell 3.46 percent and Ellaktor declined 3.38 percent.
In total 47 stocks reported gains, 55 showed losses and 19 remained unchanged.
Turnover amounted to 73.2 million euros, down from last Fridays 112 million.
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