BUSINESS

ATHEX: Concerned traders stay away from stock market

TAGS: Stocks

The Greek market is following with some concern the tug-of-war regarding the Greek debt talks, and traders were too reserved to give stocks enough momentum in any clear direction for yet another day on Tuesday. It appears that expectations of significant progress ahead of the June 15 Eurogroup are considerably limited.

The Athens Exchange (ATHEX) general index closed at 776.02 points, shedding 0.15 percent – for a second day in a row – from Monday’s 777.19 points. The large-cap FTSE 25 index contracted 0.19 percent to 2,064.22 points, while small-caps grew 0.44 percent.

Banks continued their slide, giving up 1.75 percent, as Piraeus fell 4.35 percent, Alpha lost 2.35 percent and National slumped 2.22 percent. Eurobank bucked the trend to rise 2.33 percent.

In total 50 stocks posted gains, 55 fell and 32 closed unchanged.

Turnover amounted to 61.9 million euros, up from Monday’s 38.2 million.

The general index of the Cyprus Stock Exchange in Nicosia declined 0.54 percent to 76.67 points.

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