BUSINESS

ATHEX: Friday the 13th works out well for bourse

TAGS: Stocks

Friday’s was the most remarkable trading session so far this month on the Greek stock market, with the benchmark rising to a three-week high, the blue chip index topping 2,000 points and the banks index returning above the 800-point mark. Even trading volume improved, registering the highest level of the week, but observers note that it will take notable growth in turnover for the price growth to be sustained.

The Athens Exchange (ATHEX) general index closed at 761.35 points, adding 10 points or 1.33 percent to Thursday’s 751.35 points. On a weekly basis it grew 2.12 percent – bringing an end to six weeks of losses.

The large-cap FTSE-26 index expanded 1.41 percent to close at 2,006.18 points and the banks index rose to its highest level yet this month, adding 3.82 percent in Friday’s trading.

Alpha Bank outperformed its blue chip counterparts, increasing 4.76 percent, followed by Piraeus Bank (up 3.94 percent), Attica Bank (3.77 percent) and Lamda Development (3.57 percent). Folli Follie lost 1.67 percent.

In total 67 stocks posted gains, 17 registered losses and 18 stayed put.

Turnover amounted to 50.5 million euros, up from Thursday’s 39.2 million.

In Nicosia the general index of the Cyprus Stock Exchange declined 0.86 percent to 72.84 points.

Online