BUSINESS

ATHEX: CCHBC gains make up for bank losses

TAGS: Stocks

Non-bank blue chips on the Greek bourse managed to buck the downward trend elsewhere in Europe and contained the losses that bank stocks inflicted on the benchmark, keeping it above the 650-point level for a second consecutive day on Wednesday.

The Athens Exchange (ATHEX) general index closed at 652.38 points, shedding 0.19 percent from Tuesday’s 653.60 points. The large-cap FTSE 25 index contracted 0.34 percent to end at 180.33 points, while mid-caps suffered a 1.01 percent decline.

Coca-Cola HBC advanced 3.87 percent, providing significant support to the main index on a day when bank stocks took something of a battering. The banks index gave up 2.76 percent, as National shrank 4.76 percent, Eurobank lost 3.76 percent and Piraeus dropped 3.55 percent.

Folli Follie increased 3.19 percent and Viohalco strengthened 2.01 percent, while Public Power Corporation declined 2.69 percent, Piraeus Port Authority surrendered 2.28 percent and Titan Cement fell 2.10 percent.

In total 46 stocks registered gains, 54 sustained losses and 22 remained unchanged.

Turnover amounted to 62 million euros, down from Tuesday’s 65.2 million.

In Nicosia the general index of the Cyprus Stock Exchange expanded 0.48 percent to close at 69.48 points.

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