The resumption of military action in the Persian Gulf had an immediate impact on markets, with oil rates jumping and bourse indexes slumping on Wednesday.
The Greek stock market endured a mini sell-off, with a universal decline by all sectors and the vast majority of stocks reversing the gains they had enjoyed at the beginning of the month. The day’s turnover remained at a high level for another session, partly because of the late rebound from the day’s lows.
The Euronext Athens (ATHEX) general index closed at 2,487.60 points, shedding 2.14% from Tuesday’s 2,541.99 points. The large-cap FTSE-25 index contracted 2.17% to end at 6,314.54 points.
The banks index declined 2.11%, with Optima shrinking 3%, CrediaBank easing 2.95%, National falling 2.93%, Alpha giving up 2.43%, Piraeus easing 2.28%, Bank of Cyprus giving up 1.01% and Eurobank parting with 0.88%.
In total 20 stocks experienced gains, 94 showed losses and 11 remained unchanged.
