As expected, the renewed military action in the Persian Gulf sent markets tumbling on Wednesday, affecting the Greek bourse, too. Notably, the local stock market resisted the pressure applied mainly on banks, while other blue chips helped contain the benchmark’s losses to just half a percentage point on the day, coming off Tuesday’s four-month highs. The 10-year bond reopening also confirmed that the Greek securities remain a prime choice for traders.
The Euronext Athens (ATHEX) general index closed at 2,373.21 points, shedding 0.52% from Tuesday’s 2,385.63 points. The large-cap FTSE-25 index contracted 0.62%, ending at 6,016.95 points.
The banks index dropped 2.32%, as Alpha parted with 2.69%, National conceded 2.48%, Eurobank declined 2.38%, Piraeus gave up 2.34%, Optima eased 1.47% and Bank of Cyprus shied 1.26%. OTE rose 2.90% and Cenergy Holdings collected 1.69%.
In total, 44 stocks obtained gains, 63 reported losses and 14 remained unchanged.
Turnover amounted to €229.3 million, down from Tuesday’s €334.5 million.
