STOCKS

ATHEX: Small losses for majority of local stocks

athex-small-losses-for-majority-of-local-stocks

Investors in Greek stocks proved quite indifferent to the Moody’s estimate on Wednesday that the local economy will grow spectacularly this year by 8.2%, leaving the benchmark at Athinon Avenue with minor losses. Just a handful of blue chips resisted the pressure.

The Athens Exchange (ATHEX) general index closed at 904.10 points, shedding 0.30% from Tuesday’s 906.81 points. The large-cap FTSE 25 index contracted 0.28% to end at 2,176.47 points.

The banks index declined 0.70%, with Alpha giving up 1.61%, Eurobank conceding 0.45% and Piraeus parting with 0.21%, as National advanced 0.24%.

Among the other blue chips, ElvalHalcor jumped 3.79%, Jumbo improved 2.71% and Viohalco earned 1.91%, while Public Power Corporation declined 1.92%, Piraeus Port Authority sank 1.74%, Hellenic Petroleum fell 1.18% and Ellaktor was down 1%.

In total 38 stocks recorded gains, 66 sustained losses and 17 remained unchanged.

Turnover amounted to 45.8 million euros, down from Tuesday’s €56.2 million.

In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.25% to close at 67.58 points.