ATHEX: Stocks slide as expectations are dashed

Trader disappointment on Monday over Moody's decision not to issue its verdict on the Greek economy last Friday, amid the general negative mood in markets due to the mutual tariffs on US and Chinese goods, put fresh pressure on most local stocks, with the low turnover mirroring investor reluctance.

The Athens Exchange (ATHEX) general index ended at 689.96 points, shedding 1.26 percent from Friday's 698.74 points. The large-cap FTSE-25 index contracted 1.25 percent to 1,809.14 points.

The banks index shrank 3.68 percent, as Piraeus's losses of 6.70 percent were followed by Alpha (down 3.85 percent), Eurobank (3.04 percent) and National (2.26 percent).

Lamda Development slumped 4.39 percent, PPC conceded 4.14 percent, Sarantis fell 3.42 percent, Fourlis declined 2.59 percent, Titan Cement surrendered 2.56 percent, Mytilineos eased 2.52 percent and ADMIE Holdings...

Continue reading on: