ATHEX: Measured reaction by bank stocks

Greek stocks had a mixed session on Monday, with banks showing a rather contained reaction to the government measures expected to cost them over 300 million euros, according to estimates. The benchmark lost some ground, but mid-caps saw their index advance, with rising stocks narrowly outnumbered by decliners. Metlen posted gains as it starts the process of its listing on the London Stock Exchange.

The Athens Exchange (ATHEX) general index closed at 1,464.48 points, shedding 0.33% from Friday's 1,469.32 points. The large-cap FTSE-25 index contracted 0.44%, ending at 3,568.59 points, though mid-caps expanded 0.36%.

The banks index conceded 0.97%, as National parted with 1.66%, Piraeus lost 1.22%, Alpha fell 0.77% and Eurobank eased 0.41%. Ellaktor augmented 2.47%, Helleniq Energy collected 2.37%, and Metlen grabbed 0.70%, while OPAP fell 1.38%.

In total 46...