BUSINESS

ATHEX: Investors cash in on recent bourse gains

TAGS: Stocks

The moderate decline of the Athens bourse benchmark on Wednesday was seen more as a spot of profit taking after three consecutive days of gains and less as an end to the growth course that is expected to continue ahead of the review of Greece’s sovereign credit rating by Moody’s and Prime Minister Alexis Tsipras’s trip to the US next week.

The Athens Exchange (ATHEX) general index closed at 748.61 points, shedding 0.85 percent from Tuesday’s 755.03 points. The large-cap FTSE-26 index contracted 0.70 percent to close at 1,970.76 points, while small-caps expanded 0.49 percent.

Banks lost 1.67 percent as Eurobank dived 4.24 percent, Piraeus fell 2.01 percent, Attica lost 1.85 percent and Alpha decreased 1.21 percent.

Jumbo slumped 2.54 percent and ADMIE Holdings shrank 2.14 percent, with Viohalco being the only blue chip to advance more than 1 percent (up 2.29 percent).

In total 27 stocks posted gains, 64 endured losses and 20 closed unchanged.

Turnover amounted to 40.9 million euros, down from Tuesday’s 43.4 million.

The general index of the Cyprus Stock Exchange in Nicosia declined 0.33 percent to 73.21 points.

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