Greek stocks took another nosedive on Wednesday, after Tuesday’s rebound, in an environment of complete volatility dominated by the soaring of Chinese counter-tariffs on US imports, to 84%.
As the market rollercoaster continues across the world, Athinon Avenue appears to have no more defenses against upward and downward pressures, while those who had expected an upgrade of the bourse to “developed” status by FTSE Russell were disappointed.
The Athens Exchange (ATHEX) general index closed at 1,528.34 points, shedding 2.69% from Tuesday’s 1,570.53 points. The large-cap FTSE-25 index contracted 2.78%, ending at 3,755.66 points.
The banks index conceded 3.14%, as Piraeus tumbled 5.04%, Alpha 4.78%, National 2.86% and Eurobank 1.70%, while Optima advanced 4.17%. Viohalco parted with 6.18% and Titan Cement lost 5.99%.
In total 17 stocks boasted gains, 100 posted losses and five remained unchanged.
Turnover amounted to 257.2 million euros, down from Tuesday’s €304.2 million.
In Nicosia, the general index of the Cyprus Stock Exchange decreased 1.02% to close at 223.25 points.