STOCKS

ATHEX: PPC leads bourse index into decline

athex-ppc-leads-bourse-index-into-decline

In the absence of any concrete domestic news that would help stocks gain ground, imported pressures led the hand of traders to sell and inflict notable losses on a series of blue chips on Tuesday, on increased turnover.

The Athens Exchange (ATHEX) general index ended at 773.52 points, shedding 1.08% from Monday’s 781.99 points. The large-cap FTSE 25 index contracted 1.01% to close at 1,836.52 points.

Banks once again outperformed, with their index slipping just 0.13%. The four systemic lenders were split as Eurobank advanced 1.46% and National rose 0.34%, while Piraeus dropped 3.07% and Alpha declined 1.98%.

Public Power Corporation surrendered a large chunk of recent gains, falling 5.86%. Terna Energy slid 3.94%, Jumbo gave up 2.11%, and Viohalco and Ellaktor parted with 1.69%, just as Aegean Airlines increased 1.41%.

In total 28 stocks reported gains, 76 recorded losses and 23 remained unchanged.

Turnover amounted to 68.5 million euros, up from Monday’s €57.1 million.

In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.77% to close at 57.64 points.