The latest round of political turmoil in France generated more shockwaves across European stock markets on Monday, leading the Greek bourse, too, to notable losses at the start of the week. On the day the first draft of the Greek budget was submitted in Parliament and the process for the takeover of the Athens Stock Exchange by Euronext formally began, the benchmark at Athinon Avenue gave way, with banks suffering most of the pressure.
The Athens Exchange (ATHEX) general index closed at 2,053.08 points, shedding 1.14% from Friday’s 2,076.71 points. The large-cap FTSE-25 index contracted 1.17%, ending at 5,193.52 points.
The banks index fell 1.55%, as Piraeus gave up 2.76%, Bank of Cyprus eased 2.50%, Alpha declined 1.33%, National parted with 1.25%, Eurobank conceded 0.97% and Optima lost 0.23%. ElvalHalcor jumped 4.44%, while EYDAP diminished 2.29%.
In total 27 stocks boasted gains, 76 posted losses and 20 remained unchanged.
Turnover amounted to 185.9 million euros, down from last Friday’s €209.4 million.
In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.83% to close at 284.55 points.