BUSINESS

ATHEX: OPAP helps keep benchmark afloat

TAGS: Stocks

The Greek bourse failed to match the momentum recorded on other European stock markets on Wednesday, posting marginal gains on very low trading volume. OPAP gaming company and a few other blue chips kept the main index afloat despite the notable decline of banks.

The Athens Exchange (ATHEX) general index closed at 563.15 points, adding 0.13 percent to Tuesday’s 562.40 points. The FTSE 25 index expanded 0.12 percent to end at 1,497.74 points, while the small-cap index slipped 0.04 percent.

The banks index posted a 1.44 percent drop, as Alpha fell 2.61 percent and Eurobank gave up 2.15 percent. National grew 0.55 percent and Piraeus Bank was a non-mover.

OPAP, one of the stocks with the biggest capitalization in the market, advanced 2.54 percent, while Mytilineos and Viohalco outperformed among blue chips with their respective increases of 2.62 percent and 2.50 percent. Public Power Corporation shrank 1.88 percent and EYDAP decreased 1.66 percent.

In total 50 stocks registered gains, 38 reported losses and 27 remained unchanged.

Turnover amounted to 18.7 million euros, down from Tuesday’s 26.1 million.

In Nicosia the general index of the Cyprus Stock Exchange contracted 0.65 percent to close at 66.14 points.

Online