The Greek stock market on Tuesday suffered its third selling spree in the last four sessions since the outbreak of the war in Ukraine, albeit on relatively reduced turnover. As a result, the benchmark at Athinon Avenue slumped to a three-month low, broadly in line with most other eurozone bourses.
The Athens Exchange (ATHEX) general index closed at 866.48 points, the lowest since late November, shedding 2.82% from Monday’s 891.58 points. The large-cap FTSE-25 index contracted 2.90%, ending at 2,097.82 points.
The banks index dropped 5.78%, with Piraeus slumping 8.19%, Alpha falling 6.35%, National parting with 5.76% and Eurobank giving up 4.22%.
Coca-Cola continued its descent, sinking 6.04%, while Sarantis declined 5.52%, Piraeus Port Authority was down 4.16% and Public Power Corporation conceded 4.07%. OPAP earned 1.62%, OTE telecom improved 0.79% and Quest Holdings advanced 0.44%.
In total 18 stocks secured gains, 92 registered losses and 13 remained unchanged.
Turnover amounted to €107 million, down from Monday’s €275.3 million.
In Nicosia, the general index of the Cyprus Stock Exchange decreased 2.37% to 66.24 points.