BUSINESS

ATHEX: Stocks contain weekly losses to 1.4 percent

TAGS: Stocks

Stocks continued to rise at Athinon Avenue on Friday. This was at least partly due to the favorable climate on international markets, with banks leading the way once again. However, again, trading volume left much to be desired.

The Athens Exchange (ATHEX) general index closed at 537.10 points, adding 1.03 percent to Thursday’s 531.64 points. On a weekly basis it contracted 1.41 percent.

The large-cap FTSE 25 index expanded 1.54 percent to end at 1,438.09 points, while mid-caps gave up 1.24 percent.

The banks index reversed the losses incurred over the course of the week, clawing back 6.39 percent, ending with a 0.62 percent weekly rise.

Alpha Bank had an impressive day, as it dropped by as much as 3.38 percent before recovering to close the day with 9.46 percent growth. Eurobank increased 5.42 percent and National expanded 3.89 percent. Lamda Development fell 1.63 percent and Grivalia Properties conceded 1.47 percent.

In total 42 stocks registered gains, 39 took losses and 21 remained unchanged.

Turnover improved slightly to 42.1 million euros, from Thursday’s two-month low of 33.8 million.

In Nicosia the general index of the Cyprus Stock Exchange advanced 0.92 percent to close at 64.91 points.

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