BUSINESS

ATHEX: Benchmark slips on the day but registers weekly gains of 2.61 pct

TAGS: Stocks

The benchmark of the Greek stock market chalked up a second consecutive week of gains on Friday, giving up just under 1 percent on the day on particularly low turnover, as the market appears to be waiting for negotiations between the government and the country’s creditors to resume next week. One can discern some targeted moves for buying certain mid- and small-caps, based mainly on corporate developments.

The Athens Exchange (ATHEX) general index closed at 571.56 points, shedding 0.96 percent from Thursday’s 577.12 points. On a weekly basis it advanced 2.61 percent.

The large-cap FTSE 25 index contracted 1.58 percent to end at 157.39 points, while small-caps expanded 1.11 percent.

Piraeus Port Authority added 2.70 percent and OPAP rose 1.94 percent, while Coca-Cola HBC declined 3.73 percent and Public Power Corporation gave up 3.18 percent.

In total 55 stocks notched up gains, 48 showed losses and 17 ended unchanged.

Turnover amounted to just 42.1 million euros, down from Thursday’s 74.1 million.

The Cyprus Stock Exchange was closed on Friday as it was a national holiday.

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