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Athens News Agency: News in English, 11-09-27

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

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] 'Troika' reps to return to Athens this week, FinMin says
  • [02] Stocks reverse three-day decline on Tues.

  • [01] 'Troika' reps to return to Athens this week, FinMin says

    AMNA / The Greek government will send letters to the European Central Bank, the IMF and the European Commission explaining in detail all the new measures and political commitments taken by the government to achieve its goals, Finance Minister Evangelos Venizelos said on Tuesday.

    Speaking to reporters after his return from Washington, the Greek minister stressed that EC-ECB-IMF troika officials will return to Greece this week and that an agreement over fiscal measures for 2011 and 2012 has been reached over the phone. Venizelos again rejected all speculation about a larger haircut of Greek bonds and an orderly default of the country, while commenting on the sixth tranche of a loan facility to Greece he said its release will be on time and said that figures over the participation of the private sector in the Greek state bond swap program “were optimistic and encouraging”. AMNA

    [02] Stocks reverse three-day decline on Tues.

    AMNA -- Stocks ended higher in the Athens Stock Exchange on Tuesday, reversing a three-day decline of the market which pushed the composite index 8.33 pct lower. The index rose 0.83 pct to end at 791.19 points, following a strong recovery in other European markets. Turnover, however, remained a low 44.018 million euros.

    The Big Cap index rose 1.07 pct, the Mid Cap index ended 1.51 pct higher and the Small Cap index fell 0.25 pct. Alpha Bank (5.88 pct), Piraeus Bank (4.55 pct), National Bank (4.26 pct) and Mytilineos (3.80 pct) were top gainers among blue chip stocks, while MIG (3.85 pct), Hellenic Postbank (3.80 pct) and Ellaktor (3.42 pct) were top losers.

    The Banks (3.04 pct) and Raw Materials (2.49 pct) sectors scored the biggest percentage gains of the day, while Insurance (4.54 pct) and Financial Services (1.24 pct) suffered losses. Broadly, decliners led advancers by 61 to 60 with another 55 issues unchanged. Intralot (11.11 pct), Kri-Kri (9.72 pct) and S&B (8.33 pct) were top gainers, while Alapis (16.67 pct), Sciens (11.76 pct) and Hellenic Fish Farms (11.11 pct) were top losers. AMNA


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