BUSINESS

ATHEX: Mixed results for stocks but turnover picks up again

TAGS: Stocks

The perceived clash between the government and the International Monetary Fund and the distancing of the European Commission from the IMF’s positions rattled nerves at the local stock market on Tuesday, although the resumption of talks with the creditors’ representatives was a positive sign. Consequently, results were again mixed at the end of Tuesday’s session at the Greek bourse, with gainers outnumbering losers while the benchmark fell slightly.

The Athens Exchange (ATHEX) general index ended at 639.71 points, slipping 0.10 percent from Monday’s 640.38 points. The large-cap FTSE 25 index contracted 0.30 percent to close at 1,736.04 points.

Banks rose 0.35 percent, led by Piraeus (up 1.30 percent) and Eurobank (1,13 percent). Christmas came early for toy retailer Jumbo, which recorded a new historic high, adding 2.35 percent.

In total 56 stocks posted gains, 51 took losses and 19 stayed unchanged.

Turnover amounted to 58 million euros, up from Monday’s 37.4 million.

In Nicosia the general index of the Cyprus Stock Exchange advanced 0.13 percent to close at 63.44 points.

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