The Greek bourse shook off the morning concerns regarding Donald Trump’s tariffs on Wednesday and went on to continue its rebound from Monday’s steep decline. Banks showed they are not overbought, leading the recovery of the market for a second day and the benchmark back above the 1,700-point mark, although the relatively weak daily turnover showed some reluctance for engagement by bigger players.
The Athens Exchange (ATHEX) general index closed at 1,708.89 points, adding 0.62% to Tuesday’s 1,698.34 points. The large-cap FTSE-25 index expanded 0.79%, ending at 4,218.17 points.
The banks index advanced 1.40%, as Eurobank grabbed 3.92%, National fetched 0.78%, Alpha earned 0.67% and Piraeus rose 0.31%.
OTE telecom augmented 2.09% and ElvalHalcor climbed 1.41%, while Aegean Airlines conceded 2.40% and Ellaktor gave up 1.45%.
In total 58 stocks obtained gains, 47 recorded losses and 19 remained unchanged.
Turnover amounted to 132.9 million euros, down from Tuesday’s €149.5 million.
In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.22% to 235.78 points.