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Energy companies drive stock market downturn in ATHEX

Energy companies drive stock market downturn in ATHEX
Energy companies drive stock market downturn in ATHEX

Tuesday saw a downward trend in many stocks at Athinon Avenue, primarily led by energy companies anticipating government announcements. However, the market remained balanced overall, with gains in several stocks and minor setbacks in the banking sector.

The Athens Exchange (ATHEX) general index closed at 1,449.40 points, showing a 0.63% decrease from the previous day. The FTSE-25 index also saw a decline of 0.74%, settling at 3,530.70 points.

Despite a 0.27% decrease in the banks index, some banks like Piraeus and National managed to make slight gains while others like Eurobank and Alpha saw a decline. Companies like Lamda Development, Public Power Corporation, and Viohalco experienced noticeable drops.

With 48 stocks recording gains, 52 losses, and 19 unchanged, the total turnover amounted to 98.3 million euros. Meanwhile, in Nicosia, the general index of the Cyprus Stock Exchange closed with a 0.16% decrease at 163.98 points.

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