BUSINESS

ATHEX: Nervousness takes weekly loss to 2.5 pct

TAGS: Stocks

The benchmark index of the Greek bourse declined for the fourth session in a row yesterday, in line with its international peers, where the general feeling was one of nervousness as to what the political landscape will look like after the US election on Tuesday. This also explains the very low trading volume at Athinon Avenue.

The Athens Exchange (ATHEX) general index closed at 573.92 points, shedding 0.75 percent from Thursday’s 578.23 points. On a weekly basis it gave up 2.51 percent.

The large-cap FTSE 25 index fell 1.24 percent to 1,510.38 points yesterday, while mid-caps added 0.03 percent.

Banks shrank 1.43 percent, with National dropping 2.20 percent, Piraeus conceding 1.42 percent and Alpha slipping 1.35 percent.

The day’s blue chip champion was EYDAP (up 3.85 percent), which outperformed Public Power Corporation (1.42 percent) and METKA (1.32 percent).

Ellaktor slid 3.45 percent and Jumbo gave up 3.21 percent after its management announced it is increasing the dividend it will distribute by 33 percent, from 27 cents to 36 cents per share.

In total 38 stocks registered gains, 61 posted losses and 20 remained unchanged.

Turnover amounted to just 26.2 million euros, down from Thursday’s 33.6 million.

In Nicosia the general index of the Cyprus Stock Exchange rebounded 0.53 percent to close at 66.60 points.

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