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Athens News Agency: News in English, 10-05-03
CONTENTS
[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.
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