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Athens News Agency: News in English, 09-09-21
CONTENTS
[01] Chemical industry urges measures to deal with econ crisis
[02] Stocks end 1.07% down
[01] Chemical industry urges measures to deal with econ crisis
Greeceâs chemical industry on Monday urged for measures to deal with an
economic crisis in the country. In a statement, issued by the
Association of Hellenic Chemical Industries, the association said that
chemical industries suffered a 10 pct decline in the first half of
2009.
âEspecially, businesses with activities in products for the
construction sector suffered strongly with a decline in business around
15-25 pct,â Vasilis Gounaris, president of the Association said, adding
that although a recovery was expected in the second half, this yearâs
results would be lower compared with 2008.
Gounaris said that the European Chemical Industry Council expects the
industry to suffer an 11 pct decline in business this year, recovering
with a 5.0 pct growth in 2010.
He noted that there was a danger that this recovery to reach Greece
with delay because of the countryâs economic weaknesses.
[02] Stocks end 1.07% down
Greek stocks ended lower in the Athens Stock Exchange on Monday, with
the composite index of the market losing 1.07 pct to end at 2,527.90
points. Turnover was 158.7 million euros, of which 10.7 million euros
were block trades.
Most sectors moved lower, with the Insurance (4.49 pct), Personal/Home
Products (1.97 pct) and Food/Beverage (0.47 pct) suffering the heaviest
percentage losses of the day, while Health (4.28 pct), Financial
Services (3.46 pct) and Travel (2.31 pct) scored gains.
The FTSE 20 index fell 1.03 pct, the FTSE 40 index ended 0.52 pct lower
and the FTSE 80 index dropped 0.58 pct. Broadly, decliners led
advancers by 146 to 60 with another 43 issues unchanged.
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