STOCKS

ATHEX: Rising streak comes to an end at bourse

athex-rising-streak-comes-to-an-end-at-bourse

Pressure on bank stocks on Tuesday, and mainly on Alpha Bank, snapped the rising streak of the Greek bourse benchmark as it came off Monday’s 16-month highs and only narrowly managed to hold on to 920 points. Wednesday’s reaction is considered crucial for the short-term course of the local market.

The Athens Exchange (ATHEX) general index closed at 920.03 points, shedding 0.78% from Monday’s 927.29 points. The large-cap FTSE 25 index contracted 0.89% to close at 2,234 points, but mid-caps expanded 0.35%.

The banks index declined 1.85%, as Piraeus lost 3.47%, National dropped 2.92% and Alpha parted with 2.63%.

Other losers included Ellaktor, which slumped 8.05%, as well as Aegean Airlines (down 2.18%), Lamda Development (2.06%) and the OPAP gaming company (1.99%). Fourlis Holdings grew 1.37%, OTE telecom earned 1.16% and Jumbo climbed 0.45%.

In total 51 stocks registered gains, 80 sustained losses and 16 remained unchanged.

Turnover amounted to 72.7 million euros, up from Monday’s €67.5 million.

In Nicosia, the general index of the Cyprus Stock Exchange increased 0.82% to 65.30 points.