ATHEX: Geopolitics rattles stocks in Athens

ATHEX: Geopolitics rattles stocks in Athens

The new wave of Turkish provocations in the Eastern Mediterranean had a direct effect on the Greek stock market on Monday, with the benchmark diving from Friday’s three-week high pushed mainly by banks. This appears to be a week where geopolitical concerns will take precedence over the economy as far as investor mood is concerned.

The Athens Exchange (ATHEX) general index ended at 637.39 points, shedding 2.16% from Friday’s 648.56 points. The large-cap FTSE 25 index contracted 2.34% to close at 1,511.65 points.

The banks index slumped 5.40%, with National dropping 6.62%, Eurobank shrinking 6.03%, Alpha parting with 4.22% and Piraeus falling 3.88%.

Among other blue chips, Public Power Corporation slid 4.17%, Hellenic Exchanges conceded 4.11%, Viohalco gave up 3.89% and Ellaktor lost 3.86%, while Coca-Cola rose 0.23%.

In total 21 stocks reported gains, 76 endured losses and 18 remained unchanged.

Turnover amounted to €39.7 million, up from last Friday’s €36.6 million.

In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.27% to 44.28 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.