Coming off Monday’s 16-year highs, the benchmark of the Greek stock market suffered losses on Tuesday, with banks spearheading the decline and Coca-Cola HBC serving to contain it with its gains. This was attributed not only to the predictable profit-taking, but also to the new impression that the short-term trend at Athinon Avenue will be one of price easing, ahead of the local bourse’s inclusion in the category of developed stock markets. That also led to a significant increase in the day’s turnover.
The Euronext Athens (ATHEX) general index closed at 2,472.77 points, shedding 1.13% from Monday’s 2,501.13 points. The large-cap FTSE-25 index contracted 1.28%, ending at 6,277.46 points.
The banks index conceded 2.18%, as Optima dropped 2.82%, Alpha and Piraeus both gave up 2.70%, CrediaBank eased 2.44%, Eurobank parted with 2.42%, Bank of Cyprus lost 1.90% and National slid 1.27%.
In total, 30 stocks boasted gains, 81 posted losses and 15 remained unchanged.
Turnover amounted to €481.3 million, up from Mοnday’s €214.8 million.
