BUSINESS

ATHEX: Banks index declines to 7-month low

TAGS: Stocks

Led by banks, the benchmark of the Greek stock market continued to fall on Wednesday, as investor concerns heighten on a variety of issues, hence the increased trading activity that saw the biggest turnover of the last five sessions.

The Athens Exchange (ATHEX) general index ended at 741.98 points, shedding 0.86 percent from Tuesday’s 748.44 points. The large-cap FTSE-26 index contracted 1.03 percent to close at 1,944.51 points, while small-caps bucked the trend for a third consecutive day, increasing by 0.68 percent.

The banks index declined for a fifth session in a row – by 2.78 percent to its lowest point in the last seven months. Alpha conceded 3.82 percent, Eurobank lost 2.38 percent, Piraeus gave up 2.22 percent and National surrendered 1.89 percent.

Folli Follie performed even worse, dropping 5.29 percent, while Jumbo advanced 2.06 percent.

In total 38 stocks registered gains, 45 took losses and 21 remained unchanged.

Turnover amounted to 56.1 million euros, up from 46.1 million on Tuesday.

In Nicosia the general index of the Cyprus Stock Exchange decreased 1.39 percent to 72.53 points.

Online