ATHEX: Stocks slump as concerns on trade grow

The Greek bourse suffered a similar fate to other eurozone markets on Thursday, as the sweeping Trump tariffs sent shockwaves across the world and saw capital shifting from stocks to bonds. The benchmark at Athinon Avenue lost 30 points, though its drop was not as dramatic as that of last Monday, as some blue chips resisted the pressure and contained the index’s losses.

The Athens Exchange (ATHEX) general index closed at 1,678.70 points, shedding 1.77% from Wednesday’s 1,708.89 points. The large-cap FTSE-25 index contracted 1.93%, ending at 4,136.84 points.

The banks index declined 3.70%, on Eurobank parting with 4.85%, Piraeus falling 3.48%, Alpha losing 3.36%, National giving up 3.19% and Optima easing 3.16%. ElvalHalcor shrank 4.18% and Motor Oil diminished 3.96%, while Coca-Cola HBC increased 2.67% and OTE telecom fetched 1.92%.

In total 23 stocks reported gains, 87 suffered losses and 16 remained unchanged.

Turnover amounted to 219.4 million euros, up from Wednesday’s €132.9 million.

In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.96% to close at 233.52 points.