ATHEX: Benchmark tumbles to 11-week low
The Greek stock market completed an entire week of losses for its benchmark, with its fresh drop on Friday sending the main index below the 1,400-point mark and to lows unseen since August 9. The credit sector was once more at the forefront of sales, before the issue of the third-quarter results and as European concerns about the US election on November 5 increase.
The Athens Exchange (ATHEX) general index closed at 1,390.25 points, shedding 0.88% from Thursday’s 1,402.60 points. On a weekly basis it sank 3.69%.
The large-cap FTSE-25 index contracted 1.14%, ending at 3,351.54 points, though mid-caps expanded 0.17%.
The banks index dropped 1.30%, as Piraeus parted with 1.93%, National fell 1.40%, Eurobank lost 1.05% and Alpha slid 0.92%. Cenergy Holdings shrank 3.72%, Metlen was down 2.89% and Aegean Airlines conceded 2.40%.
In total 26 stocks obtained gains, 73 suffered losses and 26 remained unchanged.
Turnover amounted to 129.7 million euros, up from Thursday’s €120.7 million.
In Nicosia, the general index of the Cyprus Stock Exchange increased 1.05% to close at 198.92 points.