The Greek bourse benchmark ended Thursday off the 16-year record high posted on Wednesday, as after five straight days of rise there was an appetite among traders for some profit taking. That does not change the overall picture of a summer of growth ahead, given that the conflict in the Middle East appears to have subsided, the local stock market is about to join its developed peers, and the current political stability offers short-term opportunities that 2027 – an election year – may not.
The Euronext Athens (ATHEX) general index closed at 2,471.78 points, shedding 0.52% from Wednesday’s 2,484.69 points. The large-cap FTSE-25 index contracted 0.59%, ending at 6,284.86 points, though mid-caps expanded 0.82%.
The banks index conceded 0.95%, as Eurobank declined 2.48%, Alpha dropped 2.18% and National gave up 0.55%, while Bank of Cyrus grew 1.43%.
In total, 52 stocks obtained gains, 58 sustained losses and 16 remained unchanged.
Turnover amounted to €361 million, up from Wednesday’s €302.8 million.
