STOCKS

ATHEX: Index posts marginal rise over the week

athex-index-posts-marginal-rise-over-the-week

Bank stocks served to contain the benchmark drop at Athinon Avenue on Friday, the fourth straight day of losses for the Greek bourse, which generally presented a mixed picture on reduced turnover. The outlook for the market remains positive, though, as buyers appear to be waiting for the signal to take the benchmark toward the 950-point level.

The Athens Exchange (ATHEX) general index closed at 915.05 points, shedding 0.22% from Thursday’s 917.06 points. On a weekly basis it edged up 0.07%

The large-cap FTSE 25 index contracted 0.07% to end up at 2,200.59 points, but mid-caps expanded 0.42%.

The banks index improved 1.07%, as Eurobank earned 2.22%, Alpha advanced 0.95% and National augmented 0.50%, while Piraeus gave up 0.43%. OTE telecom conceded 2.27%, Hellenic Petroleum parted with 1.99% and ADMIE Holdings eased 1.86%.

In total 52 stocks reported gains, 57 sustained losses and 21 remained unchanged.

Turnover amounted to 41.6 million euros, down from Thursday’s €45.4 million.

In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.75% to 68.90 points.