BUSINESS

ATHEX: Traders count down the days till next week’s Eurogroup

TAGS: Stocks

The modest gains on low trading came as no surprise on Friday at the Greek bourse, and activity at Athinon Avenue looks set to remain shallow until next Thursday’s Eurogroup meeting, where key decisions are expected – at least as far as Athens’s much-needed bailout tranche is concerned.

The Athens Exchange (ATHEX) general index closed at 782.10 points, adding 0.39 percent to Thursday’s 779.05 points. On a weekly basis it contracted 0.57 percent. The large-cap FTSE 25 index expanded 0.22 percent, to 2,072.89 points.

Piraeus Bank grew 2.46 percent and Alpha climbed 2.40 percent to secure a 1.61 percent rise for the banks index. Terna Energy (up 5.56 percent), Viohalco (5.09 percent) and Lamda Development (4.67 percent) outperformed.

In total 65 stocks notched up gains, 38 took losses and 19 stayed put.

Turnover amounted to 43.1 million euros, down from Thursday’s 44.3 million.

In Nicosia the general index of the Cyprus Stock Exchange advanced 0.12 percent to 76.39 points.

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