BUSINESS

ATHEX: Two-month high for main index

TAGS: Stocks

Stock prices at Athinon Avenue went from losses to gains over the course of Monday’s session as the few active investors continue to believe the local bourse is underpriced after the successful bond issue a week ago. This helped the benchmark climb to a two-month high, even though that was on particularly low turnover.

The Athens Exchange (ATHEX) general index closed at 654.57 points, adding 0.72 percent to Friday’s 649.87 points. The large-cap FTSE-25 index expanded 0.95 percent to 1,725.14 points.

The banks index grew 2.65 percent, with Alpha rising 4.98 percent, National grabbing 2.62 percent and Eurobank earning 1.01 percent. Piraeus went the other way, slumping 4.20 percent.

Ellaktor also outperformed with growth of 4.50 percent, followed by Jumbo (up 2.79 percent), Viohalco (2.57 percent) and OPAP (2.39 percent). GEK Terna conceded 1.33 percent.

In total 58 stocks posted gains, 35 registered losses and 30 remained unchanged.

Turnover amounted to just 22.4 million euros, even lower than last Friday’s 22.8 million.

In Nicosia the Cyprus Stock Exchange general index decreased 0.84 percent to close at 61.11 points.

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