BUSINESS

ATHEX: Early losses recovered by end of trade

TAGS: Stocks

International markets soon recovered from Wednesday morning’s US election shock drop, and the Greek bourse followed suit, reducing the benchmark’s losses to a minimum at the end of the session, on what was a day of increased trading volume.

The Athens Exchange (ATHEX) general index closed at 581.92 points, shedding just 0.05 percent from Tuesday’s 582.20 points. The large-cap FTSE 25 index expanded 0.21 percent to 1,540.01 points, while mid-caps shrank 1.09 percent.

Besides the rebound on European bourses, in oil prices and in Wall Street futures, the appointment of Panayiotis Thomopoulos as president of National Bank of Greece helped the banks index add 0.16 percent: National climbed 1.09 percent and Piraeus rose 0.67 percent, while Eurobank fell 0.97 percent.

Other blue chip standouts on Wednesday were OPAP gaming company (up 3.57 percent), Titan Cement (up 2.78 percent), Jumbo (down 2.29 percent) and Folli Follie (down 1.78 percent).

In total, 38 stocks recorded gains, 48 sustained losses and 28 remained unchanged.

Turnover amounted to 40 million euros, up from Tuesday’s 24.9 million.

The general index of the Cyprus Stock Exchange in Nicosia increased 0.12 percent to close at 66.35 points.

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