Global concerns over the coronavirus pandemic and vaccines, and the continuing tension with Turkey weighed on the Greek bourse once again on Wednesday, with bank stocks leading the benchmark to a fresh decline, just as the Greek bonds go from strength to strength.
The Athens Exchange (ATHEX) general index ended at 632.81 points, shedding 0.55% from Tuesday’s 636.33 points. The large-cap FTSE 25 index contracted 0.75% to close at 1,497.30 points, but mid-caps slipped just 0.03%.
The banks index dropped 2.14%, with Eurobank declining 2.85%, National falling 2.02%, Alpha giving up 1.74% and Piraeus conceding 1.26%.
Other losers included Motor Oil (down 2.50%), Jumbo (2.34%) and OTE telecom (1.10%). GEK Terna and Lamda Development advanced 1.74% and 1.09% respectively on news of the GEK Terna-Mohegan bid selected for the casino at a plot to be developed by Lamda.
In total 32 stocks enjoyed gains, 62 suffered losses and 31 closed unchanged.
Turnover amounted to €32.6 million, down from Monday’s €36 million.
In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.52% to 43.76 points.