BUSINESS

ATHEX: Mid-caps keep rising as main index runs out of steam

TAGS: Stocks

As anticipated after Thursday’s slowdown, the Greek benchmark’s 13-day rising streak was halted on Friday as it ended with moderate losses caused by a drop in banks and some other blue chips, although the mid-cap and small-cap indices, as well as the majority of stocks, headed north. The predictable correction saw turnover shrink too.

The Athens Exchange (ATHEX) general index ended at 789.13 points, shedding 1.01 percent from Thursday’s 797.16 points. On a weekly basis it expanded 4.66 percent and over the 13 consecutive rising sessions the index advanced 18.70 percent.

The large-cap FTSE 25 index contracted 0.56 percent to 2,119.86 points and the banks index slumped 2.55 percent, while mid-caps climbed 2.11 percent.

In total 58 stocks posted gains, 53 took losses and 19 stayed put.

Turnover amounted to 73.7 million euros, down from Thursday’s 134.1 million.

In Nicosia the general index of the Cyprus Stock Exchange rose 1.93 percent to 79.07 points.

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