Stock market
Equities close lower on profit-taking; Still snap six-week losing streak
Shares end lower on profit-taking, after the three-day rally. Still, the Athens bourse managed to snap the six-week losing streak, closing with weekly gains of 2.88%.
Shares ended lower on profit-taking, after the three-day rally. Still, the Athens bourse managed to snap the six-week losing streak, closing with weekly gains of 2.88%. The short-term trend should be set by European bourses. On October 20, S&P is scheduled to review Greece’s economy. Analysts believe that there is a good chance Greece to get upgrade to investment status grade by the rater.
At Friday’s session, the general share index lost 1.1% to close at 1169 points. Turnover was light, at 75 million euros.
Notable decliners were Jumbo -5%, Cenergy -4.4%, Piraeus -2.6%, Alpha -2%. In contrast, OTE gained 0.3%.
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