BUSINESS

Minor gains for bourse index on low turnover

The benchmark of the local bourse managed to claw back morning losses and expand, albeit marginally, for a fifth day in a row on Thursday. However, observers are concerned about continuing low turnover levels, which remained far below the 100-million-euro mark.

The Athens Exchange (ATHEX) general index ended at 1,190.27 points, adding just 0.02 percent to Wednesday’s 1,187.48 points. The blue chip FTSE/ATHEX 25 expanded by 0.01 percent, closing at 384.01 points, while mid-caps contracted 1.04 percent.

Blue chips presented a mixed picture, with Titan Cement growing 2.99 percent and Public Power Corporation rising 2.20 percent, as Eurobank Properties fell 4.48 percent and Intralot lost 2.58 percent.

In total 53 stocks went up, 47 took losses and 25 remained unchanged.

Gross turnover came to 77.8 million euros, but about a third of that concerned prearranged deals such as the Aegean Airlines mini-placement. The net transaction volume came to just 52.5 million euros, the fifth lowest of the year.

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