ATHEX: Bourse slides after days of progress

ATHEX: Bourse slides after days of progress

Following three consecutive sessions of growth, prices at the Greek stock market posted a moderate decline on Thursday, in line with most eurozone peers, on the back of the European Central Bank decision to avoid a rate adjustment while noting that inflation appears to be above forecasts in the eurozone. The share of losing stocks was disproportionately higher, attributed to withdrawal from positions from mid- and small-caps.

The Athens Exchange (ATHEX) general index closed at 946.13 points, shedding 0.90% from Wednesday’s 954.72 points. The large-cap FTSE-25 index contracted 1.07%, ending at 2,298.57 points.

The banks index eased 1.04%, as Alpha dropped 3.14% and Piraeus conceded 0.99%, while Eurobank stayed put and National advanced 0.65%. Jumbo fell 2.37% and PPC parted with 2.08%, but Aegean rose 1.71%.

In total 32 stocks reported gains, 73 sustained losses and 18 remained unchanged.

Turnover was the lowest of the last 13 sessions, amounting to €51.9 million, down from Wednesday’s €63.3 million.

In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.62% to close at 69.20 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.