BUSINESS

ATHEX: Index climbs to highs unseen since capital controls were imposed

TAGS: Stocks

It took the benchmark of the Greek stock exchange more than 11 years to repeat the feat of 10 consecutive sessions of growth, but it did just that on Monday for the first time since January 2006, despite the correction seen across most European bourses. It also bodes well for the market that it closed at the day’s high and trading volume rose above the 100-million-euro mark again.

The Athens Exchange (ATHEX) general index ended at 763.42 points, adding 1.25 percent to Friday’s 753.99 points. It has now risen to its highest level since the imposition of the capital controls in mid-2015.

The large-cap FTSE 25 index expanded 1.04 percent to 2,038.30 points, while small-caps fell 1.27 percent. Banks ascended 1.38 percent with National growing 2.56 percent and Eurobank advancing 1.81 percent.

In total 67 stocks took gains, 28 went down and 25 were unchanged.

Turnover amounted to 116.7 million euros, up from Friday’s 86.7 million.

The general index of the Cyprus Stock Exchange in Nicosia climbed 0.79 percent to 75.61 points.

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