ECONOMY

Bourse holds firm as market waits for bailout news

Greek stocks proved expectations for a major correction wrong in Tuesday’s bourse session following Monday’s anticipated growth, as the benchmark index held its ground amid conflicting reports about the likely course of last night’s Eurogroup meeting in Brussels.

The Athens Exchange (ATHEX) general index ended at 821.23 points, edging upward by 0.04 percent from Monday’s closing figure of 820.91 points. The blue-chip FTSE/ATHEX 20 index contracted by 0.62 percent to close at 292.75 points.

Most blue chips headed southward, led by Cyprus Popular Bank (down 5.45 percent), Piraeus Bank (4.46 percent) and Mytilineos (4.28 percent). Motor Oil outperformed with gains of 1.92 percent.

In total 81 stocks grew, 53 declined and 20 remained unchanged.

Turnover amounted to 52.7 million euros, just down on Monday’s 53.1 million.