The Greek stock market showed remarkable constraint on Monday, avoiding a sharp drop due to the decline in Wall Street last Friday and the day’s jitters across eurozone markets as hostilities resumed between Iran and Israel and oil rates advanced again. Banks at Athinon Avenue contained the drop of the benchmark and even obtained gains, as reports from foreign banks and firms insist that the local credit sector has the potential to outperform its eurozone peers.
The Euronext Athens (ATHEX) general index closed at 2,352.54 points, shedding 0.13% from Friday’s 2,355.67 points. The large-cap FTSE-25 index contracted 0.06%, ending at 5,965.48 points.
The banks index advanced 0.68%, thanks to Alpha climbing 1.94%, Eurobank collecting 1.39% and Piraeus grabbing 1.36%, while National eased 0.48%. Allwyn fell 3.66% and Viohalco parted with 3.12%.
In total 35 stocks boasted gains, 67 posted losses and 19 remained unchanged.
Turnover amounted to €264.7 million, up from last Friday’s €238.4 million.
