Stocks take a tum­ble at Athi­non Ave

Kathimerini English - - Front Page -

The Greek stock mar­ket took a tum­ble yes­ter­day partly due to pres­sure on bank stocks and also be­cause of the div­i­dend cuts for Mo­tor Oil and Myti­li­neos share­hold­ers. Con­cerns about a sec­ond wave of the coro­n­avirus in the North­ern Hemi­sphere and down­wardly re­vised global eco­nomic fore­casts for this year damp­ened the mood fur­ther at Athi­non Av­enue.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 665.01 points, shed­ding 1.63% from Tues­day’s 676.04 points. The large-cap FTSE 25 in­dex con­tracted 1.52% to 1,609.61 points.

The banks in­dex dropped 2.68%, as Na­tional parted with 4.27%, Al­pha fell 3.07%, Pi­raeus gave up 2.77% and Eurobank eased 1.15%.

Mo­tor Oil dived 5.69%, El­lak­tor slumped 5.21%, Myti­li­neos con­ceded 4.37%, GEK Terna slid 2.66%, Lamda De­vel­op­ment lost 2.11% and Vio­halco shrank 2.02%. Saran­tis grew 2.20% and Jumbo in­creased 1.94%

In to­tal 31 stocks posted gains, 62 en­dured losses and 22 re­mained un­changed.

Turnover amounted to 49.4 mil­lion eu­ros, down from Tues­day’s €50 mil­lion.

In Ni­cosia, the gen­eral in­dex of the Cyprus Stock Ex­change de­clined 1.20% to 49.34 points.

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