ATHEX: Banks lead stock decline


Traders cashed in recent gains, mainly from bank stocks, during Thursday’s session, after which most stocks ended lower.

The Athens Exchange (ATHEX) general index closed at 715.77 points, shedding 1.60 percent from Tuesday’s 727.38 points.

The large-cap FTSE 25 index contracted 1.15 percent, ending at 215.33 points.

Banks fell 5.67 percent, led by Alpha Bank (down 6.47 percent) and Piraeus (down by 6 percent). Motor Oil was the only blue chip to head north, rising 1.34 percent.

In total 26 stocks moved up, went down and 22 stayed put.

Turnover reached 43 million euros, up from 39.1 on Tuesday.