ECONOMY

ATHEX: Bourse benchmark keeps falling after bank chips return

athex-bourse-benchmark-keeps-falling-after-bank-chips-return

The stock decline on the Greek bourse continued on Thursday – in line with the majority of its European peers – with National Bank suffering a widely anticipated 30 percent limit-down upon its return to the market with its new shares after its capital increase.

The Athens Exchange (ATHEX) general index closed at 617.39 points, shedding 1.40 percent from Wednesday’s 626.18 points. The large-cap FTSE 25 index fell 1.90 percent to end at 183.21 points. Small-caps saw their index add 0.12 percent.

The banks index remained southbound, giving up 6.94 percent, and the only bank chip to post gains on Thursday was Alpha, which rose 0.50 as it tried to hold onto its capital increase price of 2 euros per share. Piraeus Bank – also making a return with new shares – lost 6.85 percent, Eurobank fell 5.86 percent and Public Power Corporation dropped 3.88 percent, while Lamda Development bucked the trend with gains of 4.52 percent.

In total 29 stocks reported growth, 57 posted losses and 16 stayed unchanged.

Turnover amounted to 86.1 million euros.