ECONOMY

CCHBC gains buoy local stocks higher

Coca-Cola HBC drove the Greek bourse higher at the start of the week as most stocks recovered from earlier losses on Monday. However, on such low turnover, it appears unlikely there will be enough interest in local stocks for the main index to return to the 1,000-point level any time soon.

The Athens Exchange (ATHEX) general index closed at 851.42 points, adding 0.45 percent to Friday’s 847.57 points.

The large-cap FTSE/ATHEX-25 index expanded by 1.17 percent to 286.77 points.

CCHBC added 6.03 percent, followed by Jumbo (up 5.13 percent) and EYDAP (2.33 percent).

Intralot dropped 8.89 percent on expectations that it will miss out in the tug of war between OPAP and prospective strategic investor Emma Delta. Piraeus Bank also fell 7.32 percent.

Alpha Bank posted by far the highest turnover, but its price ended up unchanged.

Non-blue chip Attica Bank added 28.7 percent following the successful completion of its share capital increase on Friday.

In total, 68 stocks showed gains, 51 reported losses and 22 remained unchanged.

Turnover amounted to 39.9 million euros, down from last Friday’s 51.3 million euros.