ATHEX: France spooks investors at Athinon Avenue

The latest circular of governmental turmoil successful France generated much shockwaves crossed European stock markets connected Monday, starring the Greek bourse, too, to notable losses astatine the start of the week. On the time the archetypal draught of the Greek fund was submitted successful Parliament and the process for the takeover of the Athens Stock Exchange by Euronext formally began, the benchmark astatine Athinon Avenue gave way, with banks suffering astir of the pressure.

The Athens Exchange (ATHEX) wide scale closed astatine 2,053.08 points, shedding 1.14% from Friday’s 2,076.71 points. The large-cap FTSE-25 scale contracted 1.17%, ending astatine 5,193.52 points.

The banks scale fell 1.55%, arsenic 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 mislaid 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 cardinal euros, down from past Friday’s €209.4 million.

In Nicosia, the wide scale of the Cyprus Stock Exchange decreased 0.83% to adjacent astatine 284.55 points.