ECONOMY

Mid-caps offset bank losses as index ends almost unchanged

Banks’ stocks suffered a seventh day of losses on Wednesday, but unlike previous sessions failed to drag the majority of listed companies down with them, while mid-caps headed north after two days in the red.

The Athens Exchange (ATHEX) general index ended the day at 752.64 points, giving up a barely perceptible 0.01 percent from Tuesday?s closing level of 752.70 points. The blue chip FTSE/ATHEX 20 index lost 0.57 percent to end at 292.53 points, but mid-caps added 0.56 percent.

Piraeus Bank went up 5.70 percent and Hellenic Postbank gained 3.04 percent, but Marfin Investment Group contracted by 4.25 percent.

In total, 67 stocks registered gains, 61 posted losses and 34 remained unchanged.

Turnover amounted to 47.3 million euros, up from 45.8 million on Tuesday.