ATHEX: Sellers keep upper hand

ATHEX: Sellers keep upper hand

Stock buyers adopted and wait-and-see stance on the Greek bourse on Thursday, ahead of Friday’s triple witching and index rebalancing, which should spur a lot more action compared to the rest of the week. Sellers had a field day on Athinon Avenue on Thursday, with losers stripping gainers three to one.

The Athens Exchange (ATHEX) general index ended at 662.39 points, shedding 1.50% from Wednesday’s 672.50 points. The large-cap FTSE 25 index contracted 1.56% to 1,603.66 points.

The banks index outperformed the blue-chip one, losing only 0.75%. Alpha fell 1.45%, Eurobank parted with 0.95% and National eased 0.37, while Piraeus improved 0.64%. Among other blue chips Ellaktor dropped 6.55% and Aegean declined 4.22%, as Sarantis climbed 2,42%.

In total 23 stocks posted gains, 69 suffered losses and 22 stayed put.

Turnover amounted to 61.1 million euros, down from Wednesday’s €74.4 million.

In Nicosia, the general index of the Cyprus Stock Exchange advanced 1.03% to 48.94 points.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.