ATHEX: Bourse slides due to a late selling spree

Tuesday’s league astatine Athinon Avenue was a crippled of two halves. Investors boosted prices astatine first, encouraged by the emergence successful chap eurozone markets and the diminution successful lipid rates arsenic a caller US discourtesy connected Iran was aborted, per Donald Trump, while sellers took implicit precocious successful the day to inflict losses connected the ATHEX benchmark. The enactment led to regular turnover climbing to its highest successful the past 5 sessions, with PPC remaining the absorption of attention.

The Athens Exchange (ATHEX) wide scale closed astatine 2,211.20 points, shedding 1.12% from Monday’s 2,236.24 points. The large-cap FTSE-25 scale contracted 1.15%, ending astatine 5,605.76 points.

The banks scale conceded 1.53%, arsenic Eurobank declined 2.08%, Bank of Cyprus dropped 2.01%, National gave up 1.64%, Piraeus parted with 1.62% and Alpha eased 1.21%. ElvalHalcor fell 8.03%, Cenergy Holdings eased 5.25% and PPC diminished 2.08%.

In total 34 stocks secured gains, 73 endured losses and 15 remained unchanged.

Turnover amounted to €282.4 million, up from Monday’s €234.6 million.

In Nicosia, the wide scale of the Cyprus Stock Exchange accrued 0.11% to 284.97 points.