ATHEX: Stock market index keeps looking up

ATHEX: Stock market index keeps looking up

The US Fed and European Central Bank rate hikes went largely according to expectations, so eurozone stock markets, including Greece’s, proceeded smoothly on Thursday with sessions of mild gains. Athinon Avenue continued on its northbound course, while its benchmark has put some significant distance between its current level and its recent capturing of the 1,000-point mark, and keeps looking up. Turnover in the first five weeks of the year has considerably improved compared to previous months.

The Athens Exchange (ATHEX) general index closed at 1,029.68 points, adding 0.24% to Wednesday’s 1,027.25 points. The large-cap FTSE-25 index expanded 0.33% to end up at 2,504.12 points.

The banks index outperformed with 1.14% growth, as Eurobank advanced 2.68%, Piraeus earned 2.43% and National augmented 1.40%, while Alpha eased 1.56%. Sarantis grabbed 2.76%, as Terna Energy sank 6.27%.

In total 54 stocks rose, 53 fell and 26 remained unchanged.

Turnover amounted to 144.3 million euros, up from Wednesday’s €105.4 million.

In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.41% to close at 97.83 points. 

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