ATHEX: Market heeds warnings and stocks decline


Warnings from the Bank of Greece and Goldman Sachs over the course of the Greek economy, not to mention international concerns on foreign markets over the raging trade war, led on Wednesday to the complete erasure of the gains recorded by the Athinon Avenue benchmark on Tuesday.

The Athens Exchange (ATHEX) general index closed at 722.88 points, shedding 1.25 percent from Tuesday’s 732.06 closing. The large-cap FTSE-25 index contracted 1.07 percent to 1,876.78 points.

The banks index declined 1.59 percent, with Alpha conceding 3.32 percent, Piraeus dropping 2.41 percent and National falling 1.78 percent, while Eurobank bucked the trend, earning 1.27 percent.

Hellenic Petroleum tumbled 4.27 percent, Viohalco gave up 4.22 percent, Fourlis Holdings shrank 3.21 percent and Mytilineos lost 3.06 percent, as Coca-Cola HBC improved 0.60 percent and Hellenic Exchanges advanced 0.49 percent.

In total 25 stocks reported gains, 68 registered losses and 27 remained unchanged.

Turnover amounted to 61.2 million euros, down from Tuesday’s 84.9 million.

In Nicosia the Cyprus Stock Exchange was down 0.88 percent to close at 69.51 points.