The pendulum has once again swung the other way at the Greek bourse, with a steep decline on Friday following the growth of Thursday. The main reason cited by traders and observers has been the lack of any tangible progress at the US-China summit meeting in Beijing regarding the opening of the Strait of Hormuz. That sent oil rates rising and securities tumbling again, which meant Greek refinery stocks bucked the trend on the day that was led by banks.
The Athens Exchange (ATHEX) general index closed at 2,246.82 points, shedding 2.26% from Thursday’s 2,298.84 points. On a weekly basis it declined 1.46%.
The large-cap FTSE-25 index contracted 2.39%, ending at 5,695.09 points and the banks index dropped 3.52%, as Eurobank lost 4.79%, Piraeus eased 4.09%, Alpha conceded 3.88% and National fell 3.63%. Helleniq Energy rose 1.23% and Motor Oil grew 0.45%.
In total 28 stocks registered gains, 74 suffered losses and 19 remained unchanged.
Turnover amounted to €238.6 million, up from Thursday’s €187.4 million.
