The shift inthe MSCI indexes, the suppressed demand for bank stocks after 12 days of decline, and the positive corporate results released in the last couple of days created a strongly positive atmosphere at Athinon Avenue on Friday, leading to a significant rebound for the benchmark that offset all of the week’s losses.
The Athens Exchange (ATHEX) general index closed at 867.03 points, adding 2.43% to Thursday’s 846.46 points. On a weekly basis it advanced 0.03%.
The large-cap FTSE-25 index expanded 2.37%, ending at 2,080.18 points, and the banks index snapped its 12-session losing streak to advance 2.70%.
Mytilineos and National Bank earned 3.11% and 1.97% respectively since they will enter the MSCI Greece Standard Index as of June. Terna Energy jumped 8.49%, Coca-Cola HBC grew 5.61% and Motor Oil collected 4.06%.
In total 75 stocks registered gains, 31 suffered losses and 18 remained unchanged.
Turnover amounted to 119.5 million euros, up from Thursday’s €101.5 million.
In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.10% to close at 68.19 points.