ATHEX: Index fails to close over 850 points

The 850-point level proved too high once more for the Athens Exchange (ATHEX) benchmark on Wednesday, as traders appeared reluctant to commit to more exposure without concrete news on the progress of talks between the government and Greece’s international creditors. Meanwhile, the recent warning from Moody’s that the possibility of capital controls being imposed is drawing closer and that the outlook for banks is negative, saw the majority of stocks ending the day in the red.

The ATHEX general index closed at 840.40 points, shedding 0.71 percent from Tuesday’s 846.43 points, though it had managed to climb over 854 points at some point. The large-cap FTSE/ATHEX 25 index contracted 0.78 percent to close at 252.23 points.

Blue chips presented a mixed picture as Viohalco climbed 4.22 percent and EYDAP rose 1.26 percent, while Eurobank fell 4.08 percent and Public Power Corporation slumped 3.98 percent.

In total 45 stocks enjoyed gains, 54 suffered losses and 24 remained unchanged.

Turnover came to 70.1 million euros, down from Tuesday’s 96 million.

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