ECONOMY

ATHEX: Trader interest is returning to local bourse

athex-trader-interest-is-returning-to-local-bourse

Tuesday’s stock decline appeared more like a correction after the major gains posted at Monday’s close, but the significant rise in turnover to over 65 million euros pointed to increased interest in the Greek bourse, even before banks announced their share capital increase plans in the evening.

The Athens Exchange (ATHEX) general index closed at 718.14 points, shedding 0.64 percent from Monday’s 722.80 points. The large-cap FTSE 25 index contracted 0.74 percent, ending at 215.43 points.

The reaction of traders to banks’ plans to cover their capital requirements are expected today, after a 3.33 percent decline for the banks index yesterday. Notably, the four systemic banks headed in opposite directions, with Eurobank (up 10 percent) and Alpha (up 3.38 percent) adding to their massive gains from Monday, while National (down 9.59 percent) and Piraeus (down 7.27 percent) were on the losing side.

Among other blue chips, Public Power Corporation gave up 2.48 percent and Lamda Development expanded 2 percent.

In total 32 stocks registered gains, 60 recorded losses and 17 remained unchanged.

Turnover amounted to 67 million euros, up from Monday’s 45.4 million.