BUSINESS

New 33-month high for main bourse index

After early declines owing to concerns about the impact of the crisis in Ukraine on regional business, blue chips in Athens reverted to a rising course later on in Tuesday’s session. This was in line with the majority of European markets, which recovered after posting major losses on Monday, when the Greek bourse had been closed and was spared the drop. Still, the majority of local stocks recorded losses on Tuesday.

The Athens Exchange (ATHEX) general index closed at 1,323.36 points, a 33-month high, expanding 0.99 percent from Friday’s 1,310.41 points. The large-cap FTSE/ATHEX 25 climbed 1.15 percent to 427.99 points, while mid-caps gave up 0.04 percent.

Eurobank Properties stood head and shoulders above its blue chip peers with a 7.50 percent rise, while Piraeus Bank gained 4.50 percent and GEK Terna climbed 4.29 percent.

The leading losers were National Bank (down 2.81 percent), Corinth Pipeworks (0.98 percent) and Piraeus Port Authority (0.97 percent).

In total, 59 stocks reported gains, 80 sustained losses and 19 remained unchanged.

Turnover amounted to 99 million euros, down from last Friday’s 121.8 million.

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