ECONOMY

Athens sees big demand for mid-caps

The Greek bourse resumed its upward course on Tuesday after two two days in correction territory. Unusually, it was small- and mid-capitalization stocks that dominated the market with their respective indices posting significant gains.

The Athens Exchange (ATHEX) general index closed at 1,669.82 points, expanding by 0.98 percent from Monday?s close at 1,653.63 points. The blue chip FTSE/ATHEX 20 index rose 1.11 percent to end at 781.27 points. The mid-cap FTSE/ATHEX 40 index outperformed, jumping 3.58 percent.

Marfin Investment Group was the champion among blue chips with growth of 5.63 percent, followed by Mytilineos (up 4.97 percent), Jumbo (3.85 percent), OTE telecom (3.18 percent), Marfin Popular Bank (2.83 percent) and National Bank (2.67 percent). Heading south were OPAP, which lost 3.02 percent, Piraeus Bank (down 1.22 percent) and Coca-Cola HBC (1.19 percent).

In total 122 stocks moved up, 53 went down and 38 remained unchanged. Bitros led the gainers with an 18.75 percent rise, while Edrasi posted the biggest loss, at 12.50 percent.

Turnover came to 134.4 million euros on Tuesday, up from 113 million euros on Monday.