BUSINESS

ATHEX: Marginal drop for benchmark in thin trading

TAGS: Stocks

Investors showed little interest in Monday’s Greek bourse session, as the benchmark hovered around Friday’s close before settling for minor losses at the start of the week. The Whit Monday holiday in some international markets, such as Frankfurt, and the lack of any substantial news on the domestic front kept the trading volume below the 50-million-euro mark.

The Athens Exchange (ATHEX) general index closed at 620.50 points, shedding 0.35 percent from Friday’s 622.71 points. The large-cap FTSE 25 index contracted 0.20 percent to end at 173.78 points, but mid-caps advanced 0.13 percent.

Banks declined 1.47 percent, as National lost 3.02 percent, Eurobank declined 1.89 percent, Piraeus Bank dropped 1.06 percent and Alpha gave up 0.91 percent. Mid-cap Attica Bank rose 4.30 percent though.

Three blue chips showed healthy gains as Coca-Cola HBC climbed 4.28 percent, Jumbo jumped 2.98 percent and Lamda Development rose 2.54 percent. Folli Follie fell 3 percent and Motor Oil decreased 2.66 percent.

In total 40 stocks recorded gains, 51 registered losses and 19 remained unchanged.

Turnover was the lowest of the last 15 sessions, at just 49.2 million euros, down from last Friday’s 67 million.

In Nicosia the general index of the Cyprus Stock Exchange increased 0.37 percent to close at 67.96 points.

Online