ECONOMY

Banks? rise not enough for index

A session of high volatility in the Greek bourse on Monday saw many blue chips register gains, but all other indexes end up in the red, due to uncertainty over the local parliament?s vote on the midterm fiscal plan expected on Wednesday.

The Athens Exchange (ATHEX) general index closed at 1,226.22 points, contracting by 0.52 percent from last Friday?s closing at 1,232.60 points. The blue chip FTSE/ATHEX 20 index grew marginally by 0.06 percent, to end at 549.17 points. The mid-cap FTSE/ATHEX 40 index fell by 2.69 percent.

Helped by positive news from France regarding a Greek debt rollover, most major banks headed north, led by Alpha Bank (up 2.18 percent) and followed by National Bank (1.75 percent) and Eurobank EFG (1.32 percent).

Going down were OPAP gaming company (2.80 percent), Public Power Corporation (2.35 percent) and Hellenic Postbank (1.89 percent).

In total 45 stocks moved up, 95 went down and 39 remained unchanged. Allatini Ceramics had the biggest rise with gains of 14.29 percent, while Pegasus led losers, declining by 20 percent.

Turnover remained disappointingly low, dropping to 56.7 million euros yesterday from 59 million euros on Friday.