ATHEX: Weekly gains for local stocks

TAGS: Stocks

The reserved optimism coming from Brussels about a decision on Monday in favor of the disbursement of the long-anticipated bailout tranche of 2.8 billion euros helped the Greek stock market register small gains on Friday, led as usual by bank stocks.

The Athens Exchange (ATHEX) general index closed at 577.30 points, adding 0.54 percent to Thursday’s 574.22 points. On a weekly basis it advanced 2.08 percent. The FTSE 25 index on Friday expanded 0.29 percent to end at 1,523.55 points.

Banks led the way, with their index growing 2.07 percent, to end the week with a 5.67 percent expansion. Eurobank was up 4.12 percent and Piraeus Bank 2.16 percent. Mytilineos and GEK Terna outperformed, increasing 6.19 percent and 5.67 percent respectively, and Viohalco notched up 4.10 percent.

Coca-Cola HBC suffered its fourth consecutive session of losses, ending 3.48 percent lower.

In total 60 stocks posted gains, 40 sustained losses and 18 remained unchanged.

Turnover was the highest of the last five sessions, amounting to 33 million euros, up from Thursday’s 31.4 million.

In Nicosia the general index of the Cyprus Stock Exchange jumped 0.21 percent, closing at 66.11 points.