Athens News Agency: News in English, 11-01-17

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

CONTENTS

[01] Fitch cuts ratings for Greek banks

[02] Stocks end moderately up 

[01] Fitch cuts ratings for Greek banks

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[02] Stocks end moderately up

The market largely ignored a decision by Fitch Ratings on Friday to downgrade the countryâs credit rating as the move has been largely discounted by investors. The composite index of the market rose 0.88 pct to end at 1,458.65 points, with turnover a low 80.419 million euros.

ATEbank (6.85 pct), Hellenic Petroleum (4.64 pct), OTE (2.79 pct), Jumbo (2.80 pct) and Cyprus Bank (2.66 pct) were top gainers among blue chip stocks, while Piraeus Bank (4.91 pct), Hellenic Postbank (1.65 pct) and National Bank (1.53 pct) were top losers. The Big Cap index rose 0.16 pct, the Mid Cap index ended 1.65 pct lower and the Small Cap index ended 2.08 pct up.

The Commerce (6.41 pct), Oil (2.96 pct) and Telecoms (2.79 pct) scored the biggest percentage gains of the day, while Financial Services (1.06 pct) and Bank (0.92 pct) suffered losses. Broadly, advancers led decliners by 114 to 53 with another 58 issues unchanged.

Korinth Pipes (19.4 pct), Altec (14.29 pct), ETEM (13.51 pct) were top gainers, while Mouzakis (16 pct), Tzirakian (9.52 pct) and Yalco (9.38 pct) were top losers.

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