ATHEX: Slide continues for fourth day in succession

ATHEX: Slide continues for fourth day in succession

Greek stock market investors continued to brace for the worst on Wednesday in the absence of any sign of agreement between Athens and its creditors, with the benchmark chalking up a fourth consecutive day of significant losses. The bourse closed before the European Central Bank convened to discuss whether to extend local banks’ emergency liquidity assistance (ELA) cash limit.

The Athens Exchange (ATHEX) closed at 680.88 points, shedding 3.15 percent from Tuesday’s 703.05 points. The large-cap FTSE/ATHEX 25 index contracted 1.77 percent to close at 206.41 points.

Three blue chips suffered a decline of more than 10 percent: Public Power Corp fell 14.18 percent, Hellenic Exchanges closed 10.60 percent lower and Jumbo declined 10.34 percent.

OPAP added 1.45 percent and Coca-Cola HBC advanced 1.43 percent.

In total 24 stocks went up, 71 headed south and 12 stayed unchanged.

Turnover amounted to 83 million euros, down from Tuesday’s 106.4 million.