BUSINESS

ATHEX: Worries send stocks lower

TAGS: Stocks

Fears of complications in Greece’s second bailout review and further tremors in the runup to the US elections weighed on the majority of Greek stocks on Tuesday, with the benchmark giving up close to 1.5 percent.

The Athens Exchange (ATHEX) general index closed at 582.45 points, shedding 1.47 percent from Monday’s 591.13 points. The large-cap FTSE 25 index contracted 1.10 percent to end at 1,534.86 points.

Banks led the decline, with their index dropping 3.62 percent. Eurobank fell 4.66 percent, Piraeus slumped 4.64 percent, Alpha gave up 3.21 percent and National was down 2.67 percent.

Among other large-caps EYDAP shrank 4.02 percent, OTE conceded 2.99 percent, Titan Cement fell 2.22 percent and OPAP decreased 2.19 percent. Aegean Air rose 1.53 percent, after subsidiary Olympic Air secured three more exclusive domestic routes, and Hellenic Exchanges climbed 0.44 percent.

In total 25 stocks reported gains, 62 sustained losses and 20 stayed unchanged.

Turnover amounted to 33.9 million euros, down from Monday’s 39.7 million.

In Nicosia the general index of the Cyprus Stock Exchange advanced 0.12 percent to close at 66.58 points.

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