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Tuesday, 26 November 2024
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Athens Macedonian News Agency: News in English, 12-06-25Athens News Agency: News in English Directory - Previous Article - Next ArticleFrom: The Athens News Agency at <http://www.ana.gr/>CONTENTS
[01] Rapanos says he won't assume FinMin postAMNA / Finance Minister-designate Vassilis Rapanos on Monday afternoon announced that he will not be able to assume the post, citing health reasons for his decision.[02] Stocks nosedive during Monday's session in AthensAMNA / Stocks suffered major losses on the Athens bourse on Monday, affected by the bearish climate in European markets as hopes started to wane that major decisions will be taken at a meeting of European leaders on Thursday and Friday in Brussels. Spain's request for assistance from bailout funds, though expected, generated anxiety and led to a rise in borrowing costs for Spain and Italy, while markets consider that Cyprus will also be forced to resort to the EU bailout mechanism after Fitch downgraded the country's economy.Within Greece, the health problems of the new prime minister and finance minister have heightened fears due to delays in taking decisions, as well as the arrival of the EU-IMF troika, while no decisions are expected to be taken concerning Greece at the EU summit in the absence of the PM. The composite index of the market nosedived 6.84 pct, falling below the 600-point barrier to end at 566.79 points. Turnover was a low 41.020 million euros. www.amna.gr The Big Cap index fell 8.57 pct, the Mid Cap index ended 7.44 pct lower and all sector indices lost ground, with the greatest losses in Public Utilities (-15.09 pct), Telecommunications (-14.76 pct) and Banks (-13.88 pct). There were major losses for all blue chip stocks, with the greatest losses for PPC (-18.50 pct), Alpha Bank (-18.40 pct), Eurobank (-16.31 pct), OTE (-14.76 pct), NBG (-13.61 pct) and Ellaktor (-13.56 pct) suffered losses. amna Broadly, decliners led advancers by 95 to 26 with another 23 issues unchanged. Athens News Agency: News in English Directory - Previous Article - Next Article |
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