The handful of traders who took an interest in the Athens stock market on Monday only did so to ease out of the bourse amid growing concerns that capital controls may be imposed as a deal between Greece and its creditors remains elusive. Trading was also at a record-low due to the public holiday in most European countries, on top of the prolonged uncertainty over the talks.
The Athens Exchange (ATHEX) general index closed at 814.06 points, shrinking 3.11 percent from Friday’s 840.22 points. The large-cap FTSE/ATHEX 25 index contracted 3.28 percent to close at 242.91 points, though small-caps rose 0.14 percent.
There was also a negative impact across the south of Europe due to the major drop in votes garnered by the ruling party in Spain in Sunday’s local elections.
All blue-chips, with no exceptions, headed lower on Monday, led by Marfin Investment Group (down 7.50 percent), Piraeus Bank (6.13 percent), Jumbo (5.45 percent), Ellaktor (5.41 percent) and GEK Terna (5.03 percent).
In total, 25 stocks recorded gains, 79 sustained losses and 15 stayed unchanged.
Turnover reached a year-low 29.2 million euros, less than half of last Friday’s 69.8 million.