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Mixed picture on bourse after days of gains

The rise recorded on Wednesday by the main banks and most mid-caps wasn’t enough to send the benchmark of the Greek bourse to a new 34-month high, as several non-banking blue chips headed south following two sessions of gains at the start of the week.

Investors appeared reserved as far as large-caps were concerned, while stocks were virtually split down the middle between gainers and losers.

The Athens Exchange (ATHEX) general index closed at 1,364.41 points, shedding 0.38 percent from Tuesday’s 1,369.56 points.

The large-cap FTSE/ATHEX 25 contracted 0.34 percent to 440.87 points, although mid-caps expanded by 1.82 percent.

The banks index posted growth of 1.40 percent, as National Bank added 1.99 percent, Alpha climbed 1.51 percent and Piraeus increased by 0.50 percent.

The blue chips with the biggest losses were Jumbo (down 3.56 percent), Folli Follie (2.88 percent), Titan Cement (2.02 percent) and Mytilineos (1.67 percent).

In total, 77 stocks recorded gains, 78 sustained losses and 21 remained unchanged.

Turnover amounted to a rather satisfactory 114.3 million euros, down from Tuesday’s 126.2 million.

ekathimerini.com , Wednesday March 19, 2014 (20:20)  
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