ATHEX: No stopping stock slide at Athinon Ave

ATHEX: No stopping stock slide at Athinon Ave

The announcement of the 12% inflation rate in Greece (in EU-harmonized index terms) last month reversed the initially positive climate at Athinon Avenue on Friday and led to a fresh drop for most blue chips, while overall stocks were split between winners and losers. Coca-Cola HBC’s rise did not suffice to turn things around for the benchmark, which is now mighty close to the 800-point level.

The Athens Exchange (ATHEX) general index closed at 805.79 points, shedding 0.57% from Thursday’s 810.42 points. On a weekly basis it declined 3.48%.

The large-cap FTSE-25 index contracted 0.67%, ending at 1,929.54 points, while mid-caps advanced 0.68%.

The banks index lost another 0.46%: Eurobank shrank 2.04% and Piraeus was down 1.52%, as National earned 1.31% and Alpha climbed 0.26%. CCHBC jumped 3.45%, but OTE dropped 5.01% and PPC conceded 2.67%.

In total 48 stocks posted gains, 47 sustained losses and 14 remained unchanged.

Turnover amounted to 55.7 million euros, down from Thursday’s €75.7 million.

In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.87% to 67.41 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.