Stock market
Upgrade epxectations put a brake on stocks' losses
Stocks slide in Athens at midday, but losses were milder compared European peers which are set to post seven-month lows. Expectations for upgrade by S&P lend assistance.
Stocks slipped in Athens at midday, but losses were milder compared to European peers which are set to post seven-month lows. At home, investors are awaiting S&P’s verdict on Greece’s economic shape in today’s rating review. A one-notch upgrade will lift the country’s ratings to investment grade status.
At 1436 local time, the general share index was down 0.4% to 1173 points. Banks were marginally up, as many investors are convinced that S&P will lift Greece to investment rating grade.
Away from financials, trends were mixed. Among individual stocks, Aegean gave up 2.6%, Titan -2.2%, Coca Cola -1.1%. In contrast, Mytilineos was up 1.3%.
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