BUSINESS

Record day for Alpha’s stock on ATHEX

Rising stocks outnumbered decliners in the first session of the week at the Greek bourse, where all eyes were on Alpha Bank, which posted a record level of trading and will weigh heavier for the FTSEurofirst 300 index as of Thursday, NYSE-Euronext announced on Monday. Still, a drop among most blue chips inflicted losses on the benchmark.

The Athens Exchange (ATHEX) general index closed at 1,308.84 points, shedding 0.45 percent from Friday’s 1,314.74 points. The large-cap FTSE/ATHEX 25 fell 0.68 percent to 423.68 points, but mid-caps expanded by 1.45 percent and small-caps by 0.26 percent.

Alpha enjoyed gains of 2.78 percent. Its warrant closed at a historic high and its daily trading accounted for two-thirds of the market’s total turnover, which amounted to 213.5 million euros against last Friday’s 164.5 million.

The only blue chip with a greater percentage growth was Piraeus Port Authority, which rose by 2.83 percent. OTE telecom lost 2.50 percent.

In total, 69 stocks showed gains, 66 sustained losses and 18 stayed put.

March was the 17th consecutive month where capital inflows from abroad exceeded outflows, with foreign investors accounting for 59.8 percent of transactions and 52.9 percent of the market’s capitalization, up from 51.5 percent in February.

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