BUSINESS

ATHEX: Sting in tail of rising session

TAGS: Stocks

It ain’t over till it’s over, they say, and that was certainly the case on Wednesday at Athinon Avenue, as the big advances chalked up over the course of the session had all but evaporated by the end of trading, with investors opting to cash in their gains since Tuesday morning, using a eurozone official’s statement that there was a 50-50 chance of a deal on the Greek debt at Monday’s Eurogroup as a pretext.

The Athens Exchange (ATHEX) general index closed at 789.08 points, adding 0.04 percent to Tuesday’s 788.78 points. The large-cap FTSE 25 index contracted 0.04 percent to 2,094.74 points.

The banks index rose 0.63 percent on the gains recorded by National (1.89 percent) and Piraeus (0.87 percent). Alpha and Eurobank closed unchanged.

Ellaktor outperformed with its 3.45 percent ascent, while Aegean Air dropped 3.59 percent.

In total 68 stocks registered gains, 41 sustained losses and 25 ended unchanged.

Turnover amounted to 121.6 million euros, up from Tuesday’s 64.4 million.

In Nicosia the general index of the Cyprus Stock Exchange advanced 0.10 percent to 78.71 points.

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