Stocks slide on revenue shortfall

Revelations about the major shortfall in December state revenues ? with a direct impact on the primary surplus ? and the cacophony of statements from election favorite SYRIZA candidates on the future of relations with the country?s creditors put an end on Wednesday to a series of gains for the Greek benchmark that had stretched to three sessions.

Euro deflation, exit talk take toll on stocks

The return of deflation to the eurozone and continued talk about a possible Greek exit from the economic and monetary union inflicted fresh losses on local stocks on Wednesday, although these were contained to less than 1.5 percent for the benchmark ? from over 3.5 percent earlier in the day ? marking a new 26-month low.

A little more conversation, a little less action

Traders hardly batted an eyelid at the government’s 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 and Moody’s wait before acting

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. Moody’s decision to postpone its revision of Greece’s credit rating contributed to the reduced trade at the start of the month, with turnover dropping to very low levels.

Bourse trading volume hits new year-low

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 Friday’s 890.74 points. The large-cap FTSE/ATHEX 25 index contracted 1.11 percent to 284.65 points.