BUSINESS

ATHEX: Turbulence rattles bourse

TAGS: Stocks

The sudden cancellation of Tuesday’s Euro Working Group meeting and the international uncertainty on various fronts contributed to the losses registered at Athinon Avenue in Tuesday’s trading session, although the low turnover indicated that some players are still waiting for a clearer picture before making any decisive moves.

The Athens Exchange (ATHEX) general index closed at 777.53 points, shedding 1.15 percent from Friday’s 786.57 points. The large-cap FTSE 25 index contracted 1.22 percent to 2,067.51 points, while the small-cap index rose 0.20 percent.

There was a 3.21 percent slump for the banks index, led by Eurobank (down 4.32 percent) and National (3.61 percent).

Construction company Ellaktor, which has significant exposure in Qatar, tumbled 4.11 percent. Hellenic Petroleum jumped 2.93 percent and Motor Oil climbed 0.76 percent.

In total 45 stocks posted gains, 61 had losses and 15 closed unchanged.

Turnover reached 57.1 million euros, down from Friday’s 80 million.

In Nicosia the general index of the Cyprus Stock Exchange declined 0.18 percent to 77.07 points.

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