ECONOMY

Blue chip gains outweigh widespread losses

Most stocks registered losses at the end of Wednesday?s bourse session, but the rising trend among certain blue chips with a high turnover helped the main index edge marginally higher.

The market saw gains during the day, but they quickly evaporated, taking stocks into negative territory, only for Eurobank, Alpha Bank and PPC to push the main index back up to Tuesday?s levels.

The Athens Exchange (ATHEX) general index closed at 1,664.06 points on Wednesday, expanding by 0.03 percent from Tuesday?s close at 1,663.60 points.

The blue chip FTSE/ATHEX 20 index grew by 0.09 percent to end at 780.82 points. Nevertheless, the mid-cap FTSE/ATHEX 40 index contracted by 1.35 percent.

Among blue chips, Eurobank EFG led with a 3.38 percent rise, Alpha Bank added 2.95 percent and Public Power Corp grew by 2.77 percent. Piraeus Bank lost 3.98 percent, Ellaktor declined by 3.71 percent and Hellenic Postbank shed 3.24 percent.

In total, 77 stocks moved up, 106 went down and 45 remained unchanged. Altec led the gainers with growth of 14.29 percent, while Girakian Profil posted the biggest loss with an 8.70 percent decline.

Turnover came to 221.6 million euros, down from 240 million euros on Tuesday.