Sellers proved more aggressive at the Greek stock market on Thursday, following the price decline on Wednesday, as they staged a mini sell-off during the closing auctions to leave the main indexes of the bourse at the day’s low. Banks predictably took most of the beating, owing to the Supreme Court’s decision in favor of debtors benefitting from the 2010 law known as “Katseli Law” for the protection of debtors. They will now be able to claim back some of their payments to lenders.
The Euronext Athens (ATHEX) general index closed at 2,340.49 points, shedding 0.52% from Wednesday’s 2,352.75 points. The large-cap FTSE-25 index contracted 0.65%, ending at 5,929.37 points, though mid-caps expanded 0.23%.
The banks index declined 2.21%, as Piraeus declined 2.99%, National eased 2.52%, Alpha parted with 2.50%, Eurobank conceded 1.79% and Optima lost 0.78%.
In total 43 stocks obtained gains, 73 sustained losses and 14 remained unchanged.
Turnover amounted to €238 million, up from Wednesday’s €216.5 million.
