ATHEX: Stocks drop before the long weekend

Markets reacted connected Thursday with pessimism to US President Donald Trump’s connection astir the hold of the war successful Iran. Oil rates and bonds rose, while stocks declined, including those astatine Athinon Avenue. In the lack of immoderate airy astatine the extremity of the tunnel and fixed the closure of the bourse some connected Friday and connected Monday owed to holidays successful different European markets, investors chose to support their cards adjacent to their thorax and reduced their exposure, arsenic the turnover besides reveals.

The Athens Exchange (ATHEX) wide scale closed astatine 2,118.27 points, shedding 0.55% from Wednesday’s 2,130.06 points. The large-cap FTSE-25 scale contracted 0.56%, ending astatine 5,375.69 points.

The banks scale conceded 1.07%, arsenic Optima parted with 3.34%, Bank of Cyprus diminished 2.55%, National eased 1.43%. Piraeus gave up 0.83% and Eurobank shied 0.77%, while Alpha precocious 0.30%.

In total 26 stocks reported gains, 89 suffered losses and 12 remained unchanged.

Turnover amounted to €261.5 million, down from Wednesday’s €396.2 million.

In Nicosia, the wide scale of the Cyprus Stock Exchange accrued 1.59%, to adjacent astatine 261.37 points.