BUSINESS

ATHEX: Slight uptick for local stocks

TAGS: Stocks

During the course of Tuesday’s trading session in Athens it appeared that Greek stocks might stage a recovery after the benchmark’s downward spiral of recent days, but the rise proved unsustainable as the main index closed with just a fraction of the gains it had posted earlier in the day and trading volume left a lot to be desired.

The Athens Exchange (ATHEX) general index ended at 720.18 points, adding 0.38 percent to Monday’s seven-month low of 717.47 points. The large-cap FTSE-26 index grew 0.23 percent to close at 1,878.64 points.

The banks index recovered just 0.64 percent after hitting a 12-month low the day before. Alpha advanced 2.08 percent, Attica was up 2 percent, Piraeus rose 1.87 percent, National stayed put and Eurobank conceded 2.06 percent.

Public Power Corporation outperformed, up 2.58 percent, and Sarantis grew 2.51 after its inclusion in the MSCI Global Small Cap index. Ellaktor fell 1.95 percent.

In total 50 stocks increased, 42 decreased and 23 closed unchanged. Turnover came to 44.6 million euros, down from 54 million on Monday.

In Nicosia the general index of the Cyprus Stock Exchange rose 0.20 percent to 72.20 points.

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