Although not quite on a steep downhill course, the Greek stock market maintained on Friday its move south, with a relatively accelerated pace, completing five sessions of decline for its main benchmark in as many days. Technology sector concerns internationally feed market unrest, with Athinon Avenue heeding investors’ mood and suffering a second consecutive week of losses. It is possible the January-June bank results toward the end of the month will help it recover to an extent.
The Euronext Athens (ATHEX) general index closed at 2,447.25 points, shedding 1.15% from Thursday’s 2,475.74 points. On a weekly basis it declined 2.62%.
The large-cap FTSE-25 index contracted 1.22% to end at 6,217.17 points and the banks index conceded 1.64%, as CrediaBank parted with 3.42%, Alpha dropped 2.63%, Eurobank shrunk 1.77%, Piraeus gave up 1.76% and Bank of Cyprus shied 1.49%.
In total, 26 stocks registered gains, 83 suffered losses and 16 remained unchanged.
Turnover amounted to €315.3 million, down from Thursday’s €321.7 million.
