ATHEX: Benchmark at three-month high

TAGS: Stocks

Greek stocks had a mixed day on Tuesday as banks and small-caps declined while mid-caps and the majority of blue chips enjoyed gains, a day after a worse-than-expected result from the Eurogroup meeting in Luxembourg. The benchmark rose close to the 590-point level, but eventually settled for an uptick of just over two points following a warning from Fitch about high risks in the Greek bailout program.

The Athens Exchange (ATHEX) general index closed at 585.30 points, a new three-month high, adding 0.35 percent to Monday’s 583.27 points. The FTSE 25 index expanded 0.26 percent to end at 1,557.90 points, while mid-caps rose 1.62 percent. However, small-caps contracted 1.04 percent.

Banks gave up 0.64 percent, with Piraeus Bank dropping 2 percent and Eurobank falling 1.09 percent. METKA (up 3.51 percent) and Jumbo (3.07 percent) outperformed among blue chips, followed by PPC that grabbed 2.61 percent. Ellaktor lost 1.53 percent.

In total 43 stocks reported gains, 41 endured losses and 33 ended unchanged.

Turnover was the highest of the last seven sessions, amounting to 42.6 million euros, up from Monday’s 35.5 million.

In Nicosia the general index of the Cyprus Stock Exchange increased 0.76 percent, closing at 66.72 points.