ATHEX: Stocks slip as investors cash in gains

Many investors cashed in last week's gains on Monday, while turnover fell to the lowest point since November 28. Some losses were expected following the spending spree observed in previous sessions, although the unexpected shrinking of growth in the third quarter deepened the impact, while the market had already factored in the staff-level agreement with the country's creditors.

The Athens Exchange (ATHEX) general index ended at 741.84 points, shedding 0.91 percent from Friday's 748.66 points. The large-cap FTSE-26 index contracted 0.61 percent to 1,935.92 points.

The banks index gave up 2.61 percent, with Attica losing 5.71 percent, Eurobank falling 4.66 percent, Alpha decreasing 2.98 percent and National conceding 1.83 percent, as Piraeus advanced 0.79 percent.

Public Power Corporation suffered a 6.80 percent slump on expected turbulence after the government's...