Worries push stocks ever lower
As investors nervously waited to hear confirmation of measures in the government’s midterm fiscal plan and whether ruling party deputies will vote for them, the market took another nosedive yesterday, suffering extensive losses.
The Athens Exchange (ATHEX) general index ended at 1,258.97 points, shrinking by 2.94 percent from Tuesday’s close at 1,297.05 points. The blue chip FTSE/ATHEX 20 index dropped by 3.83 percent to end at 561.43 points.
Apart from Coca-Cola HBC, which was a nonmover, all other blue chips registered losses, as ATEbank declined by 9.09 percent, Alpha Bank lost 7.65 percent, Ellaktor dropped by 6.77 percent, Marfin Popular Bank shrank by 6.06 percent and Viohalco contracted by 6.77 percent. National Bank fell by 3.46 percent to 4.75 euros.
In total, 34 stocks moved up, 95 went down and 32 remained unchanged. Dionic posted the biggest rise with gains of 10.53 percent to reach an all-time high of 0.84 euros, while Maritime Company of Lesvos led the losers, shedding 12.50 percent.
Turnover came to 79.1 million euros, up from 70.8 million euros in the previous session.