Shaking government inflicts losses on stocks

The Greek bourse suffered significant losses on Wednesday due to the unrest within the government that has put the voting of the new austerity package at risk. Had it not been for Coca-Cola HBC that closed at its session-high, the benchmark index of the market would have dipped below the 800-point level.

The Athens Exchange (ATHEX) general index ended at 801.32 points, shedding 1.74 percent from Tuesday?s closing figure of 815.54. However, at the start of the session it had climbed by as much as 2.57 percent.

The blue chip FTSE/ATHEX 20 index declined by 2.32 percent to close at 293.34 points, and mid-caps gave up 0.74 percent.

Still, October closed with notable gains of 8.42 percent, the third consecutive month with an increase for the main index.

CCHBC added 2.48 percent on Wednesday, while Cyprus Popular Bank outperformed with gains of 8.77 percent. Piraeus Bank, Hellenic Petroleum and Public Power Corporation had losses in excess of 7 percent.

In total, 64 stocks registered gains, 63 posted losses and 30 stayed put.

Turnover came to 80 million euros, down from Tuesday?s 106.6million.

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.