STOCKS

ATHEX: Fourth day of minor gains and turnover

athex-fourth-day-of-minor-gains-and-turnover

The fourth straight session of gains for the benchmark at Athinon Avenue on Friday did not suffice to offset all of Monday’s losses in that mini sell-off. 

As a result, the main index posted a decline for the fourth week in a row, a negative streak that has not been seen over the 16 months since the pandemic started in Greece.

The Athens Exchange (ATHEX) general index closed at 864.44 points, adding 0.74% to Thursday’s 858.13 points. On a weekly basis it contracted 0.27%.

The large-cap FTSE 25 index expanded 0.75% to end up at 2,069.09 points, and the banks index strengthened 1.73%.

Eurobank’s acquisition at Hellenic Bank in Cyprus fetched 2.78% for its stock. EYDAP advanced 2.48% and Public Power Corporation improved 2.09%. Lamda Development gave up 1%.

In total 64 stocks secured gains, 31 took losses and 25 remained unchanged.

The day’s turnover was the second lowest in 2021, amounting to 30.5 million euros, down from Thursday’s €31.2 million.

In Nicosia, the general index of the Cyprus Stock Exchange increased 1.13% to close at 65.98 points.