ATHEX rises on selective stock picking

ATHEX rises on selective stock picking

The Athens Stock Exchange rose slightly and the benchmark closed in again on 900 points as investors bought certain blue chips and mid-caps. Turnover was weak, as is usual in August, but analysts believe that, barring a bearish mood in international markets, the ATHEX can continue moving upward.

The main index ended 0.46% higher at 897.15 points, blue chips gained 0.49% to close at 2,154.66 points, and mid-caps gained 0.25%. The banks’ sectoral index ended unchanged. Turnover was €44.73 million.

The top performing blue chips were aluminum and copper processor ElvalHalcor (2.41%), oil refiner HELPE (2.14%) and industrial conglomerate Mytilineos (2.14%). Holding companies Cenergy (3.72%) and Intracom (3.01%) and soap and cosmetics manufacturer Papoutsanis (2.7%) led the mid-caps.

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