STOCKS

ATHEX: Solid end to a week of stock gains

athex-solid-end-to-a-week-of-stock-gains

The unexpected good news about the contained contraction of the economy (on an annual basis) in the first quarter of the year gave stocks on the Greek bourse a late push on Friday, taking the benchmark back above 900 points, at the end of a week with particularly thin trade – and it is only the first week of June.

The Athens Exchange (ATHEX) general index closed at 901.60 points, adding 0.74% to Thursday’s 894.94 points. On a weekly basis it advanced 1.58%.

The large-cap FTSE 25 index expanded 0.89% to close at 2,188.07 points and the banks index improved 2.18%.

Eurobank increased 3.74%, OTE telecom collected 2.23%, National Bank earned 2.20%, Piraeus Bank fetched 1.73% and Mytilineos grabbed 1.32%, while Ellaktor gave up 1.36%, Titan Cement dropped 0.80%, PPC eased 0,78% and Terna Energy lost 0.68%.

In total 74 stocks enjoyed gains, 36 took losses and 23 remained unchanged.

Turnover amounted to 57.4 million euros, up from Thursday’s €48.5 million.

In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.70% to close at 63.44 points.