ECONOMY

Stocks rise marginally on quiet day

A predictably quiet day on the Greek bourse on Monday ended with most stocks managing to nudge upward in the first session of the new year.

The Athens Exchange (ATHEX) general index closed at 1,419.66 points, expanding by 0.40 percent from last Friday?s close at 1,413.94 points. The blue chip FTSE/ATHEX 20 index advanced 0.38 percent to end at 665.64 points.

Public Power Corp outperformed its blue chip peers, posting growth of 1.96 percent, followed by Alpha Bank (up 1.84 percent), National Bank (1.82 percent) and Marfin Investment Group (1.43 percent). Viohalco was the worst off, sliding 4.94 percent. ATEbank shed 2.70 percent and Piraeus Bank gave up 2.19 percent.

In total, 80 stocks moved up, 64 went down and 48 remained unchanged. Atti-Kat led the gainers with a rise of 14.29 percent, while Ilyda posted the biggest loss with an 11.43 percent decline. Turnover came to just 43 million euros.

In the ceremony for the new year held on Monday, the president of the Athens Stock Exchange, Socrates Lazaridis, stated that among the bourse?s priorities is bolstering investor interest in Greek stocks, which will also happen through attracting some 2.5 billion euros from funds that follow the International Monetary Fund and invest in countries such as Greece.