BUSINESS

ATHEX: Bourse recovers from morning losses to notch up some moderate gains

TAGS: Stocks

The Athens stock market had a day of high volatility on Tuesday on various rumors about the outcome of the all-important talks between the government and the country’s creditors, with the benchmark eventually managing to inch up just shy of 600 points, having seen prices drop considerably earlier in the day.

The Athens Exchange (ATHEX) general index closed at 599.59 points, adding 0.34 percent to Monday’s 597.56 points. The large-cap FTSE 25 index expanded 0.24 percent to end at 167.84 points.

Bank stocks were particularly sensitive and produced a mixed picture in their closing prices: Alpha fell 1.86 percent, Eurobank ended unchanged, National rose 0.34 percent and Piraeus advanced 3.85 percent.

Ellaktor outperformed, recording an 8 percent rise, followed by Hellenic Petroleum (up 3.73 percent). OPAP gaming company gave up 3.36 percent.

In total 61 stocks posted gains, 33 took losses and 13 ended unchanged. Turnover amounted to 56.4 million euros, up from Monday’s 55.3 million.

In Nicosia the general index of the Cyprus Stock Exchange declined 0.43 percent to close at 66.54 points.

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