ECONOMY

ATHEX: Bourse on quiet day of trading

athex-bourse-on-quiet-day-of-trading

There was a considerable decline in turnover on the Greek stock market on Tuesday as investors took a step back ahead of Wednesday’s introduction of the new shares of three of the country’s four systemic banks, following their share capital increases and reverse stock splits.

The Athens Exchange (ATHEX) general index closed at 639.33 points, adding 0.71 percent to Monday’s 634.82 points. The large-cap FTSE 25 index expanded 0.93 percent to end at 189.46 points.

OPAP gaming company advanced 6.88 percent and Hellenic Exchanges rose 5.88 percent, while Public Power Corporation contracted 6.36 percent.

The banks index was a non-mover simply because all five of its components have been suspended from trading. The return of Alpha Bank, Eurobank and Piraeus Bank is set for Wednesday with their new shares listed on the board, followed by National Bank on Thursday and Attica Bank on Friday.

ATHEX also suspended the trading of Altec on the grounds of its third-quarter financial results allegedly failing to meet financial accounting standards.

In total 42 stocks registered gains, 39 sustained losses and 24 remained unchanged.

Turnover amounted to 24.5 million euros, about one-third of Monday’s 73.4 million.