BUSINESS

ATHEX: Mini-rebound contains stock index losses

TAGS: Stocks

The general concern among European traders regarding the upcoming referendum in Britain led the majority of Greek stocks lower on Tuesday. However, when the benchmark approached the 580-point level it rebounded, minimizing the earlier losses. At the end of the session, the banks and mid-cap indices were in positive territory, while stocks were split down the middle between winners and losers.

Falling for the fifth session in a row, the Athens Exchange (ATHEX) general index closed at 593.45 points, shedding 0.19 percent from Monday’s 594.58 points. The large-cap FTSE 25 index contracted 0.10 percent to end at 160.79 points, while mid-cap index inched up 0.14 percent.

Banks ended their decline as their index gained 0.07 percent: National rose 3.14 percent and Piraeus climbed 0.48 percent, but Eurobank lost 1.88 percent. PPC increased 3.14 percent, Folli Follie gave up 3.67 percent and Jumbo dropped 3.49 percent.

In total 49 stocks recorded gains, 49 sustained losses and 12 remained unchanged.

Turnover amounted to 67 million euros, down from Monday’s 85.4 million.

In Nicosia the general index of the Cyprus Stock Exchange expanded 0.25 percent to close at 68.44 points.

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