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Athens Macedonian News Agency: News in English, 12-05-09

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

From: The Athens News Agency at <>


  • [01] Stocks end at new 20-year low
  • [02] Tourism prospects deteriorating, sector officials warn

  • [01] Stocks end at new 20-year low

    AMNA / Stocks ended lower at the Athens Stock Exchange on Wednesday, with the composite index of the market falling to new 20-year lows on market concern over political developments in the country. The index fell 0.87 pct to end at 615.12 points, after rising as much as 1.08 pct during the day.

    Turnover was a meager 26.960 million

    The Big Cap index fell 0.81 pct, the Mid Cap index eased 0.46 pct and the Small Cap index ended 0.53 pct higher. Utilities (1.72 pct) and Commerce (1.44 pct) were top gainers, while Telecoms (2.88 pct), Travel (2.84 pct) and Industrial Products (2.12 pct) were top losers. Eurobank (6.09 pct), Hellenic Postbank (5.94 pct), Cyprus Bank (2.40 pct) and Piraeus Bank (2.40 pct) scored gains among blue chip stocks, while Viohalco (3.08 pct), OPAP (3.07 pct) and OTE (2.88 pct) suffered losses.

    Broadly, decliners led advancers by 64 to 59 with another 26 issues unchanged. Dromeas (22.5 pct), Altec (20 pct) and Spider (19.74 pct) were top gainers, while Boutaris (20 pct), PC Systems (20 pct) and Olympic Catering (20 pct) were top losers. amna

    [02] Tourism prospects deteriorating, sector officials warn

    AMNA / The domestic tourism sector is entering a crucial phase following Sunday's general elections results, with tourism officials warning over the prospects of the sector.

    Andreas Andreadis, president of the Association of Greek Tourist Enterprises, said that bookings from abroad fell 50 pct in the last two days. amna

    He said it was very difficult to reverse the prevailing negative image of the country in the markets of Germany, UK and France and noted that any further increase from the Russian market could not counterbalance losses from Greece's traditional tourism markets.

    Alexandros Aggelopoulos, a member of the Association, underlined that the prevailing political situation in Greece was undermining the country's tourism product.

    Tourism officials expects this year's arrivals to fall by 7-10 pct, and revenues to drop by 10 pct.amna

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