BUSINESS

Main stock index slides for 6th month in succession

The moderate growth posted by the Athens benchmark at the end of Tuesday’s trading failed to avert another monthly drop – the sixth in a row for the Greek bourse’s main index, which in September gave up 8.63 percent of its value. It was the first time in three years that the bourse declined for a sixth month in succession. On a positive note, Tuesday’s turnover increase was quite encouraging.

The Athens Exchange (ATHEX) general index ended at 1,061.58 points, adding 0.78 percent to Monday’s 1,053.32 points. The large-cap FTSE/ATHEX 25 index expanded 0.80 percent, closing at 344.64 points.

Banks outperformed with their index rising 2.42 percent. Piraeus Bank went up 5.51 percent, EYDAP climbed 4.43 percent, while Motor Oil lost 3.90 percent and OPAP fell 3 percent.

In total 59 stocks posted gains, 56 showed losses and 23 closed unchanged.

Turnover amounted to 124.8 million euros, up from Monday’s 106.1 million.

Online