ATHEX: Benchmark slides to 3-month low

The slide in stock prices continued on Wednesday at Athinon Avenue, with the benchmark slumping to a three-month low. Concerns are growing about the course of the 2023 budget following the impact of storm Daniel, while several sectors are set to suffer consequences from the damaging floods. It is no coincidence the banks index dropped to a four-month low.

The Athens Exchange (ATHEX) general index closed at 1,225.25 points, shedding 1.73% from Tuesday’s 1,246.88 points. The large-cap FTSE-25 index contracted 1.76% to end at 2,965.43 points.

The banks index declined 2.57%, as Piraeus slumped 4.32%, National fell 2.95%, Eurobank conceded 2.04% and Alpha dropped 1.54%.

Among the other blue chips Aegean Airlines sank 5.14%, Viohalco parted with 4.15%, Cenergy Holdings shrank 3.32% and ElvalHalcor lost 3.22% and Sarantis gave up 2.80%.

In total 15 stocks bucked the trend to post gains, 84 recorded losses and 22 remained unchanged.

Turnover amounted to 100.2 million euros, down from Tuesday’s €105.2 million.

In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.05% to close at 131.32 points.