Market Recap: Lack of Clear Direction
Tuesday’s session on the stock exchange was marked by a lack of clear direction, with different sectors moving in opposite directions. While banks saw a decline, mid-cap stocks closed higher, and the benchmark indexes remained practically unchanged. This mixed performance continued a streak of five consecutive days of growth for the benchmark index, a trend not seen in three months.
Market Index Performance
The Athens Exchange (ATHEX) general index closed at 1,451.22 points, a slight increase of 0.02% from the previous day. The FTSE-25 index, which tracks large-cap stocks, saw a slight decrease of 0.12%, while mid-cap stocks experienced a 0.70% expansion.
Stock Performance
The banks index declined by 1.06%, with National Bank, Piraeus Bank, Eurobank, and Alpha Bank all showing decreases. On the other hand, Public Power Corporation, OPAP, and GEK Terna saw gains in their stock prices. Autohellas and Motor Oil experienced losses.
In total, 47 stocks recorded gains, 53 saw losses, and 19 remained unchanged. Turnover for the day amounted to 108.1 million euros, a decrease from the previous session.
The Cyprus Stock Exchange Report
In the capital city of Nicosia, the Cyprus Stock Exchange experienced a slight decrease in its general index. The index fell by 0.15% to close at 161.92 points.
This change in the stock exchange indicates a shift in market dynamics and investor sentiment in Cyprus. Despite the decrease, the stock exchange remains a key player in the country’s economy, with millions of dollars being traded daily.
