The new closure of the Strait of Hormuz and the inconclusive statements about the resumption of peace talks between Washington and Tehran took their toll on money markets, with Athinon Avenue losing on Monday a significant portion of last week’s gains, with a notable decline in turnover. The drop for banks was considerably greater than for mid-caps, pointing to the international character of the day’s declining course.
The Athens Exchange (ATHEX) general index closed at 2,259.73 points, shedding 2.14% from Friday’s 2,309.10 points. The large-cap FTSE-25 index contracted 2.33%, ending at 5,748.47 points, while mid-caps only eased 0.37%.
The banks index conceded 3.62%, as National slumped 4.20%, Optima shied 3.74%, Piraeus gave up 3.62%, Alpha dropped 3.61% and Eurobank parted with 3.19%. Metlen lost 4.52% and ElvalHalcor fell 4.40%.
In total 26 stocks boasted gains, 80 posted losses and 14 remained unchanged.
Turnover amounted to €235.5 million, down from Friday’s €364.3 million.
In Nicosia, the general index of the Cyprus Stock Exchange decreased 1.66% to close at 286.64 points.