ECONOMY

Local stocks resume upward course

The Greek bourse returned to positive territory on Monday after undergoing a correction last Friday, illustrating that it is still on an upward trajectory. Banks were once again the main focus of buying interest.

The Athens Exchange (ATHEX) general index closed at 1,548.65 points on Monday, expanding 0.79 percent from last Friday?s close at 1,536.58 points. During the course of the session it had registered gains of 1.58 percent.

The blue chip FTSE/ATHEX 20 index grew 0.84 percent to end at 725.10 points, although the mid-cap FTSE/ATHEX 40 index contracted 0.35 percent.

Eurobank EFG led blue chips with growth of 3.94 percent, followed by Alpha Bank (up 3.66 percent), Hellenic Postbank (3.86 percent) and Motor Oil (3.29 percent). Banks National and Alpha also headed north.

Worst off were the blue chips of Jumbo (down 4.21 percent), Marfin Popular Bank (3.57 percent) and Marfin Investment Group (2.78 percent).

In total 106 stocks moved up, 74 went down and 48 remained unchanged. Imperio led the gainers with a 19.23 percent rise, while Altec posted the biggest loss with a 12.50 percent decline.

Turnover came to 106.6 million euros.