The Greek Stock Market Performance
On Tuesday, the Greek bourse painted an interesting picture with a general trend of sales dominating the session. However, certain blue chips like Eurobank managed to resist the downward pressure, keeping the rising stocks almost on par with the decliners. This unexpected resilience was a welcome sight for investors, especially as the trading volume showed signs of improvement just a day before the end of the month.
Market Indices
The Athens Exchange (ATHEX) general index closed at 1,460.48 points, marking a 0.51% decrease from the previous day’s closing at 1,468.01 points. The FTSE-25 index, which tracks large-cap stocks, also saw a decline of 0.58%, ending at 3,555.34 points.
Stock Performance
Despite the overall negative sentiment, the banks index managed to slip just 0.14%. National Bank and Piraeus Bank saw declines of 1.16% and 0.26% respectively, while Alpha Bank remained stable and Eurobank actually gained 0.98%. Other notable movers included Ellaktor (-2.96%), EYDAP (-2.08%), Metlen (-2.05%), ElvalHalcor (+1.62%), and OTE telecom (+1.60%).
In total, 50 stocks recorded gains, 52 suffered losses, and 18 remained unchanged, showcasing a mixed bag of performances across different sectors.
Trading Volume
The total turnover for the day amounted to 82.7 million euros, showing an increase from the previous day’s 67 million euros. This uptick in trading activity hinted at renewed interest from investors as the month drew to a close.
The Cyprus Stock Exchange in Nicosia
In the bustling city of Nicosia, the Cyprus Stock Exchange saw a positive day as the general index increased by 0.39%. This brought the index to a closing point of 165.40, showing signs of growth and stability in the market.