ATHEX: Losses grow as concerns propagate

ATHEX: Losses grow as concerns propagate

International worries over the export of the crisis in former Soviet republics to the rest of Europe – with Russia turning off the gas supply to Poland and Bulgaria – sent European stocks tumbling and the Greek bourse suffering significant losses on a day when attention had been focused on the bond issue and the Treasury bill auction.

The Athens Exchange (ATHEX) general index closed at 918.56 points, shedding 2.17% from Tuesday’s 938.93 points. The large-cap FTSE-25 index contracted 2.27%, ending at 2,230.55 points.

The banks index shrank 2.42%, as Eurobank fell 3.24%, Piraeus sank 2.57%, Alpha declined 2.53% and National parted with 1.28%.

Public Power Corporation sank 5.51%, Viohalco slumped 5.11%, Quest Holdings conceded 3.68%, Ellaktor was down 3.04% and ElvalHalcor gave up 2.89%. Other notable blue chip losses were recorded by Athens Water (2.65%), Terna Energy (2.57%) and Coca-Cola HBC (2.30%).

In total 14 stocks recorded gains, 98 sustained losses and 10 remained unchanged.

Turnover came to 92.5 million euros, down from Tuesday’s €121.8 million.

In Nicosia, the general index of the Cyprus Stock Exchange decreased 1% to close at 68.97 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.