BUSINESS

ATHEX: Non-bank blue chips build on gains from Tuesday

TAGS: Stocks

Greek stocks added to Tuesday’s growth with more gains on Wednesday to get close to levels seen before the British referendum in favor of an exit from the European Union.

The Athens Exchange (ATHEX) general index closed at 569.74 points, adding 1.06 percent to Tuesday’s 563.75 points. The large-cap FTSE 25 index expanded 0.45 percent to end at 1,533.60 points.

The departure of chairman Michalis Sallas from Piraeus Bank led to the institution’s stock shedding 1.23 percent, and put the bank index in the red by 0.44 percent. Alpha closed with a 2.22 percent loss at the day’s low, but National Bank grew 3.57 percent and Eurobank rose 0.35 percent.

The large-cap index was helped by the advance of Titan Cement (up 4.86 percent), Motor Oil (4.19 percent) and GEK Terna (3.78 percent).

In total 56 stocks recorded gains, 28 suffered losses and 19 closed unchanged.

Turnover came to 41.3 million euros, down from Tuesday’s 48.9 million.

In Nicosia the general index of the Cyprus Stock Exchange increased 1.72 percent to close at 66.96 points.

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