BUSINESS

ATHEX: Investors show their growing indifference to local bourse

TAGS: Stocks

Having already factored in the disbursement of the 2.8-billion-euro bailout tranche announced on Tuesday, the Greek bourse benchmark continued to sink with most stocks heading south, as trading volume slipped below 20 million euros.

The Athens Exchange (ATHEX) general index closed at 588.95 points, shedding 0.70 percent from Monday’s 593.13 points. The large-cap FTSE 25 index contracted 0.91 percent to end at 1,558.27 points, while mid-caps expanded 0.40 percent.

Banks suffered the greatest losses, with their index sliding 1.83 percent, as Eurobank slumped 3.01 percent, National decreased 2.08 percent and Alpha conceded 1.90 percent. EYDAP added 1.12 percent and Motor Oil grew 0.82 percent, while Public Power Corporation fell 2.31 percent.

In total 36 stocks posted gains, 47 showed losses and 25 closed unchanged.

Turnover was the lowest of the last 16 sessions, amounting to 19.3 million euros, down from Monday’s 28.4 million.

In Nicosia the general index of the Cyprus Stock Exchange advanced 0.75 percent to close at 66.04 points.

Online