ATHEX: Bourse eases on Piraeus’ 6.38% drop

ATHEX: Bourse eases on Piraeus’ 6.38% drop

As is usually the case on bond issue days, the Greek stock market suffered a drop in turnover on Wednesday, accompanied by a minor decline in share prices, led by Piraeus Bank after it almost hit the roof on Tuesday and reports it would perform a reverse stock split.

The Athens Exchange (ATHEX) general index ended at 857.19 points, shedding 0.36% from Tuesday’s 860.26 points. The large-cap FTSE 25 index contracted 0.41% to close at 2,064.04 points.

The banks index gave up 1.26% mainly due to Piraeus falling 6.38%. Alpha eased 1.02%, National lost 1% and Eurobank was down 0.81%.

Among the other blue chips, Jumbo sank 2.14%, Hellenic Petroleum conceded 1.91%, Viohalco and Ellaktor parted with 1.72%, as Terna Energy advanced 2.80%, Public Power Corporation improved 1.91%, and Aegean Airlines rose 1.11%.

In total 40 stocks posted gains, 63 endured losses and 21 remained unchanged. Turnover amounted to €69.3 million, down from Tuesday’s €120.5 million.

In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.62% to 60.91 points.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.