STOCKS

ATHEX: July swings to gains right at the end

athex-july-swings-to-gains-right-at-the-end

The benchmark of the Greek stock market completed on Friday nine consecutive sessions of growth, matching this year’s record in early April, and narrowly swinging July from a month of losses into one of gains, ending the downward slide set by May and June. That was largely courtesy of Friday’s growth of the banks index, which played a big part in the main index posting a 0.38% monthly increase.

The Athens Exchange (ATHEX) general index closed at 888.26 points, adding 0.63% to Thursday’s 882.74 points. On a weekly basis it advanced 2.76%.

The large-cap FTSE 25 index expanded 0.67% to end up at 2,101.47 points, though mid-caps contracted 0.02%

The banks index improved 1.72%, as Piraeus rose 4.92%, National earned 4% and Eurobank fetched 1.66%, while Alpha parted with 0.64%. PPC increased 2.38 and Mytilineos climbed 2.36%, as Titan dropped 2.21%.

In total 46 stocks saw gains, 62 registered losses and 19 stayed put.

Turnover amounted to 67.1 million euros, up from Thursday’s €41.2 million.

In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.72% to 67.24 points.