Company departures dent local investors’confidence
The mood at the local bourse was compromised on Thursday by news of the decisions of Coca-Cola HBC and FAGE to move their headquarters out of Greece and the sale of Eurodrip and Duty Free Shops, although a late comeback staged by non-banking blue chips helped the main index to recover most of the losses incurred during the day.
The Athens Exchange (ATHEX) general index ended at 798.66 points, shedding just 0.10 percent from Wednesday’s 799.42 points. The blue chip FTSE/ATHEX 20 index went up 0.41 percent to close at 290.91 points.
Cypriot banks staged a rebound, with Cyprus Popular Bank leading the blue chips with growth of 8.33 percent. Motor Oil followed with gains of 7.56 percent. Coca-Cola gave up 4.86 percent.
In total, 70 stocks went up, 62 declined and 27 remained unchanged.
Turnover amounted to 62.3 million euros, against Wednesday’s 56.8 million.