[AP]
Most bank stocks suffered losses on the Greek bourse on Thursday, mainly due to the new tariffs Donald Trump has imposed on car imports. However the credit sector’s impact on the benchmark proved fairly small, as it was offset by other blue chips that continued to grow for another day. That has left the main index almost unchanged, with a late rebound at the closing auctions seeing many stocks erase their early declines.
The Athens Exchange (ATHEX) general index closed at 1,746.16 points, shedding 0.03% from Wednesday’s 1,746.67 points. The large-cap FTSE-25 index also contracted 0.03%, ending at 4,330.82 points, though mid-caps expanded 0.05%.
The banks index declined 1.03%, as National parted with 2.05%, Eurobank dropped 1.92%, Alpha gave up 1.04% and Optima eased 0.25%, while Piraeus advanced 1.47%. Titan Cement grabbed 3.90% and Athens Airport earned 2.29%.
In total 36 stocks obtained gains, 65 suffered losses and 22 remained unchanged.
Turnover amounted to €246.8 million, down from Wednesday’s €378.3 million.
In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.17% to 240.78 points.