BUSINESS

ATHEX: Limited losses put an end to series of gains

TAGS: Stocks

After seven sessions of growth, the Greek stock market’s main index fell on Friday, although the losses were contained during the closing auctions. The shock on international markets following the terrorist attack in Nice also had an impact on Athinon Avenue. Investors appeared prepared to cash in recent gains, buth only to a certain extent, while trading volume continued to drop.

The Athens Exchange (ATHEX) general index closed at 557.36 points, shedding 0.97 percent from Thursday’s 562.84 points. It was down 1.95 percent mid-session. On a weekly basis it expanded 3.77 percent.

The large-cap FTSE 25 index contracted 0.77 percent to end at 1,518.38 points, with the banks index declining 2.06 percent.

Eurobank was the worst off among blue chips, giving up 6.98 percent, followed by Ellaktor (down 4.96 percent) and Folli Follie (3.35 percent). OPAP gaming company outperformed with gains of 1.88 percent.

In total 34 stocks reported gains, 50 sustained losses and 16 remained unchanged.

Turnover came to just 47 million euros, down from Thursday’s 49.2 million.

In Nicosia the general index of the Cyprus Stock Exchange decreased 0.61 percent to close at 65.45 points.

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