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Athens News Agency: News in English, 11-03-30

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

From: The Athens News Agency at <>


  • [01] New Athens-based NGO on migration policy
  • [02] ADEX closing report
  • [03] Stocks end significantly lower ´╗┐

  • [01] New Athens-based NGO on migration policy

    (ANA-MPA) -- A newly formed NGO, the Hellenic Migration Policy Institute (I.ME.PO), was established in Athens this month by education administrator Alexandros Zavos, the former high-profile president of the previously state-run and now defunct entity of the same name.

    According to a press release on Wednesday, I.ME.PO's charter, now in its NGO form, refers to the "... briefing of Greek society on all aspects of the migration phenomenon through a realistic approach, one that takes into consideration real data, international developments and policies implemented internationally..."

    The newly formed NGO also cited an intent to organise scientific conferences in Greece and abroad on migration issues -- as the phenomenon has shot to the limelight in Greece and other affected southern European countries in recent years.

    Besides Zavos, the other 10 members of the 11-member board of directors include mostly noted academics.

    More details on the subscriber's page of ANA-MPA | Subscription request form


    [02] ADEX closing report

    The March contract on the FTSE 20 index was trading at 0.74 pct in the Athens Derivatives Exchange on Wednesday, with turnover a low 35.021 million euros. Volume on the Big Cap index totaled 7,199 contracts worth 25.671 million euros, with 26,301 short positions in the market.

    Volume in futures contracts on equities totaled 17,791 contracts worth 9.350 million euros, with investment interest focusing on National BankÔs contracts (5,651), followed by Eurobank (1,085), OTE (1,607), PPC (951), Piraeus Bank (2,599), Alpha Bank (2,778), Ellaktor (355), Mytilineos (268), Cyprus Bank (489) and ATEbank (585).

    More details on the subscriber's page of ANA-MPA | Subscription request form


    [03] Stocks end significantly lower

    Stocks suffered significant losses for the second consecutive session at the Athens Stock Exchange on Wednesday, remaining under pressure after S&P's downgrade the countryÔs credit rating by two notches on Tuesday. A warning by Fitch over a possible new downgrade was an additional negative factor in the market. The composite index fell 1.34 pct to end at 1,558.57 points, with turnover remaining at 111.77 million euros. The Big Cap index fell 1.78 pct, the Mid Cap index eased 0.55 pct and the Small Cap index ended 0.38 pct down.

    Cyprus Bank (3.17 pct), PPC (1.82 pct) and Hellenic Postbank (0.89 pct) were top gainers among blue chip stocks while Alpha Bank (5.25 pct), OPAP (4.22 pct), Viohalco (4.14 pct) and Piraeus Bank (3.40 pct) were top losers.

    Utilities (1.42 pct), Health (1.05 pct) and Financial Services (0.72 pct) scored gains, while Travel (4.04 pct), Telecoms (2.44 pct), Raw Materials (2.21 pct) and Banks (2.07 pct) suffered the heaviest percentage losses of the day.

    Broadly, decliners led advancers by 88 to 60 with another 54 issues unchanged. AXON Holdings (15.48 pct), Alpha Trust (9.89 pct) and Electroniki Athens (9.52 pct) were top gainers, while Euromedica (17.10 pct), Lazaridis (9.76 pct) and Nutriart (9.52 pct) were top losers.

    More details on the subscriber's page of ANA-MPA | Subscription request form

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