STOCKS

ATHEX: Stock market lacks vigor for rebound

athex-stock-market-lacks-vigor-for-rebound

The Greek stock market’s reaction on Tuesday to Monday’s steep decline was too feeble to pique investor interest, and it was only in the closing auctions that a marginal decline was averted, with the intervention of the bourse’s biggest stock in capitalization terms – Coca-Cola HBC. The partial recovery of the New York market last night should help Athinon Avenue post a more credible rebound on Wednesday.

The Athens Exchange (ATHEX) general index closed at 894.33 points, adding 0.25% to Monday’s 892.13 points. The large-cap FTSE 25 index expanded 0.23% to end up at 2,160.65 points.

The banks index improved 0.70%, with Piraeus rising 2.63% and National growing 1.97%, as Alpha slipped 0.09% and Eurobank stayed put.

CCHBC earned 2.37% and Jumbo collected 1.89%, while Public Power Corporation lost 2.99%.

In total 60 stocks reported gains, 48 suffered losses and 16 remained unchanged.

Turnover amounted to 78.1 million euros, up from Monday’s €76.3 million.

In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.54% to close at 66.37 points.