ECONOMY

Rising course ends for index despite mid-cap gains

News of a credit rating downgrade for 15 of the world?s top banks took its toll on most stock markets around the world, putting an end to the recent steady rise of the Greek bourse?s index as well on Friday.

The Athens Exchange (ATHEX) general index ended at 608.41 points, shedding 0.92 percent from Thursday?s closing figure of 614.09 points. The blue chip FTSE/ATHEX 20 index contracted by 1.71 percent to close at 227.78 points, although the mid-cap index recorded gains of 0.52 percent.

Blue chips had a mixed picture: Ellaktor added 4.42 percent and Piraeus Bank grew by 3.04 percent, while Public Power Corporation contracted by 6.10 percent and Eurobank EFG gave up 5.84 percent.

In total, 67 stocks posted gains, 55 recorded losses and 23 remained unchanged.

Turnover amounted to 45.5 million euros, down from Thursday?s 61.4 million.