Stocks in Athens Exchange on a Downward Trend
On Tuesday, the Athens Exchange saw many stocks heading down at Athinon Avenue, particularly in the energy sector. This decline may have been influenced by the anticipated government measures set to be announced on Wednesday. Despite this, the overall market showed a relatively balanced performance, with a significant number of stocks recording gains while banks experienced only a slight decrease in value.
The general index of the Athens Exchange (ATHEX) closed at 1,449.40 points, marking a 0.63% drop from the previous day’s 1,458.52 points. The FTSE-25 index, which focuses on large-cap stocks, also decreased by 0.74%, ending at 3,530.70 points.
Among the banks, Eurobank saw a 0.93% decline, Alpha Bank’s value dropped by 0.88%, while Piraeus Bank and National Bank both saw minor gains. Other notable decreases were observed in Lamda Development, Public Power Corporation, Metlen, Viohalco, and Helleniq Energy.
Despite the overall downward trend, 48 stocks recorded gains, 52 experienced losses, and 19 remained unchanged. The total turnover for the day amounted to 98.3 million euros, slightly lower than the previous day’s 102.1 million euros.
Cyprus Stock Exchange Index Decreases by 0.16%
Yesterday, the general index of the Cyprus Stock Exchange experienced a slight decrease of 0.16%, closing at 163.98 points. This decline was influenced by various factors affecting the market throughout the trading day.
Despite this drop, investors remain optimistic about the future performance of the stock exchange, with many seeing this as a temporary setback. Analysts are closely monitoring market trends and are confident that the index will rebound in the coming days.
