ATHEX: Bourse index tumbles to six-week low

Stocks connected the Greek bourse accelerated their diminution connected Thursday, taking the benchmark to its lowest constituent successful the past six weeks, connected the highest turnover of the past 12 sessions too. This was the 4th consecutive southbound day, but the main scale managed to clasp the 2,000-point mark. Traders warn that the departure of emerging-market funds, up of Athinon Avenue entering the developed markets fold adjacent September, could make an concern spread that would resistance prices lower.

The Athens Exchange (ATHEX) wide scale closed astatine 2,013.76 points, shedding 1.57% from Wednesday’s 2,045.81 points. The large-cap FTSE-25 scale contracted 1.62%, ending astatine 5,088.31 points.

The banks scale conceded 2.41%, arsenic Eurobank parted with 3.63%, Bank of Cyprus fell 2.74%, National diminished 2.74%, Alpha gave up 2.08%, Piraeus eased 1.24% and Optima shied 0.57%.

In total 22 stocks ensured gains, 89 sustained losses and 14 remained unchanged.

Turnover amounted to 319.9 cardinal euros, up from Wednesday’s €250.9 million.

In Nicosia, the wide scale of the Cyprus Stock Exchange decreased 0.62% to adjacent astatine 280.93 points.