BUSINESS

ATHEX: Little buying interest in most stocks

TAGS: Stocks

The Greek stock market appeared to play second fiddle to the bond issue of the Mytilineos group on Wednesday – the book closure date is on Friday – with turnover on the local bourse slumping to just over 50 million and stocks presenting a mixed picture.

The Athens Exchange (ATHEX) general index closed at 823.32 points, shedding 0.45 percent from Tuesday’s 827.01 points. The large-cap FTSE index contracted 0.61 percent to 2,174.77 points, while mid-caps rose 0.35 percent and small-caps advanced 1.06 percent.

Banks saw little buying interest, with their index conceding 1.36 percent as Piraeus fell 3.04 percent and National dropped 1.45 percent.

PPC started recovering some of the 41 percent it lost on Monday, rising 2.21 percent, and ADMIE Holdings increased 0.43 percent. Viohalco outperformed with a 4.94 percent jump, followed by Piraeus Port Authority, which improved 3.95 percent.

In total 57 stocks reported gains, 61 took losses and 14 remained unchanged.

Turnover amounted to 53.2 million euros from Tuesday’s 90.7 million.

In Nicosia the general index of the Cyprus Stock Exchange edged 0.03 percent lower to 75.50 points.

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