BUSINESS

ATHEX: Index grows 4.2 pct over the week

TAGS: Stocks

The drop that most Greek stocks posted on Friday after four days of growth took the main index back to where it was at Wednesday’s close, though both the benchmark and the banks indices chalked up significant gains over the week, rising 4.26 percent and 9.84 percent respectively.

The Athens Exchange (ATHEX) general index closed at 640.09 points, shedding 1.26 percent from Thursday’s 648.27 points. The large-cap FTSE 25 index contracted 1.10 percent to close at 1,739.56 points.

The banks index conceded 2.61 percent, having fallen by as much as 4.28 percent during the course of the day. Eurobank slumped 4.14 percent, Piraeus gave up 2.63 percent, National lost 2.36 percent and Alpha dropped 2 percent.

Other blue chips suffered losses too, including Lamda Development (down 3.53 percent), Ellaktor (3.42 percent), Public Power Corporation (3.18 percent) and Viohalco (2.90 percent). Coca-Cola HBC (up 0.66 percent), Jumbo (0.49 percent) and Meta (0.14 percent) were the only large-caps to go up.

In total 28 stocks posted gains, 71 sustained losses and 16 closed unchanged.

Turnover amounted to 50.6 million euros, down from Thursday’s 94 million.

In Nicosia the general index of the Cyprus Stock Exchange declined 0.90 percent to close at 63.91 points.

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