BUSINESS

ATHEX: Lamda, OPAP buoy bourse

TAGS: Stocks

Non-bank blue chips including Lamda Development, OTE and OPAP buoyed the benchmark of the Greek stock market on Wednesday, which only posted marginal gains despite the increase in trading volume. While a fourth consecutive session of decline was averted, it appears that reaping gains from the bourse in the medium term will demand patience.

The Athens Exchange (ATHEX) general index closed at 589.46 points, adding 0.09 percent to Tuesday’s 588.95 points. The large-cap FTSE 25 index expanded 0.22 percent to end at 1,561.77 points and small-caps contracted 0.39 percent.

While banks saw little in the way of change – their index grew just 0.02 percent – other large-caps enjoyed some buying interest, with Lamda rising 3.55 percent, OPAP gaming company adding 2.84 percent, Mytilineos improving 2.14 percent and OTE telecom increasing 1.59 percent. Jumbo gave up 3.72 percent and Titan Cement conceded 1.33 percent.

In total 51 stocks notched up gains, 35 endured losses and 23 remained unchanged.

Turnover amounted to 31.9 million euros, up from Tuesday’s 19.3 million.

In Nicosia the general index of the Cyprus Stock Exchange advanced 0.24 percent to close at 66.20 points.

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