Home Economy A loss of 6.61% for A.A. in March

A loss of 6.61% for A.A. in March

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A loss of 6.61% for A.A.  in March

March ended the General Index with a loss of 6.61%, the first month of losses for the Athens Stock Exchange after five months of gains, with banks being the main losers as the sectoral index fell 18.3%. In Friday’s session, support from some of the blue chips without the help of banks led to the growth of the market, ending the week on a positive note.

Despite the March international turmoil that affected the Greek market, the General Index managed to maintain an important support of 1000 units. Yesterday, the General Index closed up 0.84% ​​to 1,054.59 points, with turnover reaching 92.1 million euros. The Large Cap Index closed up 0.63% to 2548.89 points, the Mid Cap Index closed up 0.79% to 1537.65 points, while the Banking Index closed unchanged at 759.91 points.

Of all the blue chips, Lamda Development stood out with a 3.09% increase, followed by Motor Oil, Piraeus Bank and HELLENiQ ENERGY with over 2% growth. OPAP closed down 1.47%, while Autohellas, Alpha Bank, Eurobank, EYDAP and Quest closed with moderate losses.

In Friday’s session, the General Index rose 0.84% ​​to 1054.59 points.

Over the week, the general index strengthened by 3.27%, and the banking index by 3.22%.

After three weeks of intense and jittery moves, the overall index rebounded in a week of further contraction in transactions, said Beta Securities’ Manos Hatzidakis. Investors preferred to move very selectively, waiting for new news that would give more reason to be active.

The sales truce case will be resolved immediately as April will be called upon to answer whether and to what extent the effects of the recent banking crisis in the US and Europe have been contained and how they will affect first quarter numbers.

Author: Eleftheria Curtalis

Source: Kathimerini

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