ECONOMY

ATHEX: Bourse slips back into red

athex-bourse-slips-back-into-red

The Greek bourse reverted to its southbound course on Wednesday after a day’s respite on Tuesday, with the majority of non-banking blue chips suffering losses, bucking the trend on most other European markets, which continued to recover.

The Athens Exchange (ATHEX) general index closed at 589.35 points, shedding 0.83 percent from Tuesday’s 594.26 points.

The large-cap FTSE 25 index contracted 0.45 percent to 169.23 points, as stocks such as Motor Oil (down 5.41 percent), Ellaktor (5.07 percent), OTE telecom (4.11 percent) and Lamda Development (3.41 percent) yielded significant ground.

Alpha Bank outperformed among blue chips, advancing 2.30 percent and making it three rising sessions in a row. Other bank chips had a rather indifferent day, with Eurobank adding 0.94 percent, Piraeus inching up 0.38 percent and National slipping 0.33 percent.

Piraeus Port Authority’s stock returned to trading on Wednesday, after a half-day suspension on Tuesday, but suffered a decline of 5.09 percent.

In total 32 stocks enjoyed gains, 57 posted losses and 20 closed unchanged.

Turnover amounted to 83.9 million euros, up from Tuesday’s 72.8 million.