Greek Market Closes Lower On Thursday

The Greek market moved downwards during the whole session on Thursday, differentiating it self once again from its European peers.

The General Index was dropping as much as 2.59% at 2,590.54, before closing down 1.47% at 2,620.44.

“The Greek market has lost the positive momentum of international markets,” Pegasus Securities said.

Analysts also say that apart from Alpha΄s share capital increase, the negative sentiment for Greek economy has an impact on the market as well.

158 stocks dropped against 42 rising and 98 that remained unchanged.

In the Banking Index (-1.11%), Aspis Bank (+3.60% at 1.15 euro), Bank of Greece and Eurobank were the only stocks to register positive signs. On the contrary, ATEBank, Marfin Popular Bank and Piraeus Bank posted hefty losses. Alpha΄s right, on a trading volume of 10.2 mil. pieces, dipped 5.00% at 0.95 euro.

In FTSE20, Eurobank was the only stock to register positive sign, up 0.86% at 10.50 euro.

On the contrary, ELPE and Viohalco, slipped 4.50% and 4.03%, followed by ATEBank and Intralot (-3.26% at 4.61 euro).

Marfin Popular Bank and Piraeus Bank dipped 2.98% and 2.73%, Mytilineos and CCH retreated 2.70% and 2.19%, OPAP, MIG, HTO, Ellaktor, Motor Oil and Titan posted losses more than 1.5%.

PPC, Alpha Bank (-1.24% at 11.18 euro), Bank of Cyprus, NBG (-0.88% at 24.80 euro) and Hellenic Postbank registered smaller losses.