BUSINESS

ATHEX: Monthly rise of 4.5 percent for benchmark

TAGS: Stocks

The benchmark of the Greek stock market chalked up monthly gains of 4.53 percent in October, after Monday’s session saw the majority of stocks swing from red in the morning to green in the afternoon, despite the negative mood on most other European bourses due to concerns over the US presidential race.

The Athens Exchange (ATHEX) general index closed at 591.13 points, adding 0.42 percent to Thursday’s 588.67 points. The large-cap FTSE 25 index expanded 0.16 percent to end at 1,563.39 points, while small-caps advanced 1.11 percent.

Blue chips Jumbo (up 4.94 percent), Piraeus Bank (4.14 percent), Folli Follie (3.81 percent) and Titan Cement (3.27 percent) were among those that powered the benchmark back above 590 points and close to the four-month peak of 593 points.

Coca-Cola HBC slid 2.60 percent as rival Pepsico announced the closure of its remaining plant in Greece. Aegean Air lost 1.68 percent and OPAP gaming company gave up 1.52 percent.

In total 49 stocks registered gains, 43 sustained losses and 17 remained unchanged.

Turnover amounted to 39.7 million euros, up from Thursday’s 26.2 million.

In Nicosia the general index of the Cyprus Stock Exchange also advanced 0.42 percent, to close at 66.50 points.

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