ATHEX: Optimism evaporates among traders

Statements by several European officials regarding the lack of progress in negotiations between Athens and its creditors weighed on traders’ minds on Thursday and offset half of Wednesday’s gains, as the optimism generated by the government seemed to quickly evaporate.

The Athens Exchange (ATHEX) general index closed at 837.41 points, shedding 1.69 percent from Wednesday’s 851.81 points. The large-cap FTSE/ATHEX 25 index contracted 1.49 percent to close at 252.70 points.

The blue chips with the biggest decline were Public Power Corp (down 6.24 percent), Marfin Investment Group (6 percent), Ellaktor (5.85 percent) and National Bank (5.60 percent). Piraeus Bank expanded 4.61 percent and Terna Energy rose 2.63 percent.

In total, 37 stocks enjoyed gains, 62 took losses and 16 stayed put.

Turnover amounted to 91.5 million euros, down from Wednesday’s 95 million.

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