Traders hardly batted an eyelid at the governments positive result in the parliamentary vote for the budget, keeping most of their attention firmly fixed on developments on the troika front. Accordingly the Greek bourse saw little action, with the benchmark refusing to give any ground and remaining afloat for one more day on Monday.
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. Moodys decision to postpone its revision of Greeces 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 Fridays 890.74 points. The large-cap FTSE/ATHEX 25 index contracted 1.11 percent to 284.65 points.
The Greek bourses 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 Commissions probe into naked short selling concerning bank shares last spring.