ATHEX: Late selloff kicks index into the red

[INTIME]

The superior geopolitical deterioration successful the Middle East and its determination effect took their toll connected prices astatine the Greek banal marketplace connected Tuesday, with gains being reversed to losses by the extremity of the session. More than a 4th of transactions acrophobic National Bank, with wide turnover successful diminution too, to the lowest constituent of the past 9 sessions. Optimists constituent to the affirmative results of astir listed companies arsenic the ground for a rebound successful the mean term.

The Athens Exchange (ATHEX) wide scale closed astatine 1,447.03 points, shedding 0.34% from Monday’s 1,451.90 points. The large-cap FTSE-25 scale contracted 0.50%, ending astatine 3,527.48 points, though mid-caps expanded 0.18%.

The banks scale conceded 1.03%, arsenic Eurobank gave up 1.75%, Alpha parted with 1.38%, Piraeus dropped 0.94% and National eased 0.34%. Coca-Cola HBC fell 1.54%, but Jumbo precocious 1.95% and OTE telecom grabbed 1.61%.

In full 36 stocks boasted gains, 67 posted losses and 22 remained unchanged.

Turnover amounted to 106.2 cardinal euros, down from Monday’s €135.1 million.

The Cyprus Stock Exchange successful Nicosia remained closed owed to a nationalist holiday.