BUSINESS

ATHEX: Moderate rise contained by budget data

TAGS: Stocks

The release of the provisional figures for the state budget took the wind out of the Greek stock market’s sails on Monday, moderating prices and clipping the trading volume well below the 50-million-euro mark, partly due to Moody’s decision not to issue a review of its credit rating for Greece last Friday.

The Athens Exchange (ATHEX) general index closed at 765.72 points, adding 0.57 percent to Friday’s 761.35 points. The large-cap FTSE-26 index expanded 0.69 percent to close at 2,020.02 points, while the small-cap index contracted 0.77 percent.

The banks index grew 0.96 percent, with Attica jumping 7.27 percent, Eurobank improving 1.77 percent, National earning 1.33 percent and Alpha edging up 0.57 percent. Piraeus lost 0.38 percent.

Titan Cement had a good day, ascending 1.84 percent, while Grivalia Properties increased 1.12 percent and GEK Terna rose 1.01 percent. Motor Oil fell 0.97 percent, ADMIE Holdings shrank 0.52 percent and PPC conceded 0.50 percent.

In total 60 stocks recorded gains, 46 sustained losses and 15 remained unchanged.

Turnover amounted to 44.3 million euros, down from last Friday’s 50.5 million.

In Nicosia the general index of the Cyprus Stock Exchange advanced 0.86 percent to 73.47 points.

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