Athens Exchange

ATHEX: Credit sector losses are offset

The Capital Market Commission's report showing foreign funds maintaining their short positions in local bank stocks resulted in a notable decline for the credit sector at the start of the week. However, non-bank blue chips managed to push the benchmark into positive territory at the end of the session despite the bank sector slump.

ATHEX: Banks index gives up over 12 percent in four sessions

In a trading session that bore close resemblance to that on Monday, stocks spent all day in the red on Tuesday, led by the credit sector, and with the benchmark's losses being contained during the closing auctions. The difference was that Tuesday's turnover was twice that seen on Monday.

ATHEX: Bank stocks slide 4.2 pct

The political turmoil in Greece and declines seen on other eurozone bourses weighed on the benchmark at the Greek stock market on Monday, although losses were reined in to less than 1 percent during the closing auctions. This was thanks to the help from non-bank blue chips that offset most of the impact from the banking sector drop.

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