Just like last week, the renewed military activity in the Persian Gulf gave traders the perfect pretext for some profit taking at the Greek stock market, following the price growth of the previous days. As usual, banks had their firm hand on the tiller, as the losses were moderate enough not to worry observers about a medium-term trend. The decline in turnover would also contain significance in Wednesday’s southward move.
The Euronext Athens (ATHEX) general index closed at 2,352.75 points, shedding 0.92% from Tuesday’s 2,374.48 points. The large-cap FTSE-25 index contracted 1.01%, ending at 5,967.94 points.
The banks index declined 1.50%, as Alpha dropped 3.19%, Optima conceded 2.47%, Piraeus gave up 1.58%, Eurobank declined 1.49% and National eased 0.91%, while Bank of Cyprus advanced 0.32%. Helleniq Energy improved 2.33%, just as Cenergy Holdings lost 2.27%.
In total 32 stocks secured gains, 73 endured losses and 18 remained unchanged.
Turnover amounted to €216.5 million, down from Tuesday’s €323.7 million.
