New year low for the Greek Stock Exchange with a drop 2.26%

New year low for the Greek Stock Exchange with a drop 2.26%

 

By Spiros Sideris – Athens

There was a strong pressure on the stock prices in today’s trading session, with the stock exchange now “eyeing” the crucial psychological level of 1,000 units.

Foreign investors proceeded with significant sales, focusing on banking stocks, since they consider the political risk increases significantly and proceed with liquidations.

The market closed at a new year low and a new low since early October 2013. The Price Index dropped to 1012.05 points, a decrease of 2.26%.

It is the lowest closure since the session of October 2, 2013 (1011.67 points). At the beginning it moved gently upwards to 1041.00 points (+ 0.54%), while the lowest price was recorded at 1008.72 units when it was dropping up to 2.58%.

The value of transactions increased sharply compared to yesterday and stood at EUR 110.52 million. The large cap index dropped at a rate of 2.23%, while the mid-cap index dropped to 2.04%.

Of the individual indicators, a rise recorded only the indicators of Property (+1.31%) and Food (+1.16%), while the largest losses experienced the indices of Utilities (-.46%), trade (-4.12%) and banks (-3.47%) .

Thirty one shares moved upwards, 93 dropped and 16 remained stable.