ECONOMY

ATHEX: Little activity at Athinon Avenue as review starts

athex-little-activity-at-athinon-avenue-as-review-starts

Traders refrained from any major activity for the second day in a row at Athinon Avenue on Tuesday, as the visit by the creditors’ top representatives to Athens for the start of the first review of the country’s third bailout has made the market particularly nervous. As a result, sellers were in the majority and trading volume remained disappointingly low.

The Athens Exchange (ATHEX) general index closed at 552.50 points, dropping 0.84 percent from Monday’s 557.16 points. The large-cap FTSE 25 index contracted 0.98 percent to end at 153.47 points. Small-caps advanced 0.52 percent.

The market’s reservations were highlighted in the southbound course of bank chips, with the sector’s index declining 1.73 percent. Eurobank fell 2.91 percent, Alpha gave up 2.73 percent and National slid 0.40 percent. Piraeus Bank was a non-mover.

Public Power Corporation outperformed, gaining 4.58 percent, while Motor Oil fell 5.03 percent and Aegean Air dropped 3.70 percent.

In total 37 stocks registered gains, 50 sustained losses and 22 remained unchanged.

Turnover amounted to 46.5 million euros, up from Monday’s 35.6 million.

In Nicosia the general index of the Cyprus Stock Exchange inched down 0.04 percent to 67.17 points.