Greek Market Pushes Lower On Monday

The Greek market ended lower in the first session of November, significantly differentiating itself from its foreign peers.

CIT filing did not surprise European markets which, on the back of encouraging US macro and Ford results, expanded their gains.

The sentiment created combined with the fatigue from the extended upwards movement of the past months as well as the -expected, to a certain degree- profit taking trend, mostly to sectors that have outperformed the market lead to new losses.

The General Index was dropping as much as 2.55% before ending down 1.49% at 2,646.24.

157 stocks slipped against 33 rising and 108 that remained unchanged on a total turnover of 199.83 mil. euro.

The banking index retreated 2.41% with Aspis Bank (+4.59% at 1.14 euro) and and Hellenic Postbank being its only composites registering positive signs. On the contrary, Marfin Egnatia Bank slumped 5.65% while Piraeus Bank, Alpha Bank and ATEBank dipped 4.64%, 3.69% and 3.59% respectively.