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Athens News Agency: News in English, 10-05-03

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Bank system fully shielded
  • [02] Stocks end 0.88% lower

  • [01] Bank system fully shielded

    (ANA-MPA) -- The Greek banking system is fully shielded, Finance Minister George Papaconstantinou underlined on Monday, while expressing his satisfaction over a decision by the European Central Bank to suspend implementation of a minimum level of credit rating for Greek state bonds and to establish a 10-billion-euro fund in support of banksā capital levels. (ANA-MPA)

    Speaking to reporters, the Greek minister said VAT revenues were spectacularly up in April, as citizens responded positively to government measures aimed at combating tax evasion. (ANA-MPA)

    [02] Stocks end 0.88% lower

    Sellers took the upper hand at the Athens Stock Exchange on Monday, pushing stock prices moderately lower. The composite index of the market fell 0.88 pct to end at 1,853.55 points, with turnover a low 135.320 million euros.

    The FTSE 20 index dropped 1.12 pct, the FTSE 40 index ended 0.65 pct higher and the FTSE 80 index ended 1.27 pct up. The Media (4.07 pct) and Utilities (1.82 pct) sectors scored gains, while Financial Services (3.30 pct) and Constructions (2.10 pct) suffered the heaviest percentage losses of the day. Broadly, advancers led decliners by 92 to 76 with another 55 issues unchanged.

    Ilyda (16.67 pct), Hellenic Fish Farming (12.50 pct), Pegasus (9.96 pct) and VIS (9.62 pct) were top gainers, while Cardico (10 pct), Kordellou Bros (9.38 pct), Vivere (8.70 pct) and Elfico (8.47 pct) were top losers.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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