BUSINESS

ATHEX: Stocks fall on sinking turnover

TAGS: Stocks

The benchmark of the Greek stock market has been lurching from gains to losses since October 12, so after Thursday’s rise, Friday’s fall came as no surprise. Understandably, investors haven’t been impressed by the bourse’s rudderless moves, resulting in trading volume sinking anew.

The Athens Exchange (ATHEX) general index closed at 594 points, shedding 0.32 percent from Thursday’s 595.90 points, and it still appears unable to clear the 600-point barrier. On a weekly basis it advanced 0.80 percent.

The large-cap FTSE 25 index contracted 0.25 percent to end at 1,577.75 points.

The banks index slid 1.58 percent, as Alpha fell 1.84 percent and National lost 1.50 percent.

Viohalco outperformed the other blue chips, expanding 4.35 percent, followed by OPAP gaming company (up 2.21 percent).

Hellenic Petroleum shrank 2.13 and METKA decreased 1.83 percent.

In total 47 stocks posted gains, 43 sustained losses and 20 remained unchanged.

Turnover was the lowest in the last 11 sessions, amounting to 26.4 million euros, down from Thursday’s 27.8 million.

In Nicosia the general index of the Cyprus Stock Exchange continued its decline, giving up 0.57 percent to close at 65.74 points.

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