ECONOMY

Bourse quiet as investors await Eurogroup decision

There was little movement on the local bourse on Monday as investors waited for news of developments from yet another Eurogroup meeting in Brussels. Most stocks edged higher but the benchmark index posted a marginal drop at the end of the session, whose turnover was the lowest in the last 41 trading days.

The Athens Exchange (ATHEX) general index ended at 844.57 points, slipping 0.06 percent from last Friday’s closing figure of 845.04 points. The blue chip FTSE/ATHEX 20 index gave up 0.37 percent to close at 302.52 points.

Among blue chips, METKA outperformed with a rise of 4.97 percent and Motor Oil added 2.48 percent, while Cyprus Popular Bank and Bank of Cyprus lost some of Friday’s gains, falling 3.39 percent and 2.57 percent respectively.

The OPAP gaming company ended the day down 0.20 percent despite the departure of rival company Betfair from the Greek Internet betting market, where it enjoyed revenues of 13 million euros per year.

In total 83 stocks went up, 63 declined and 15 stayed put.

Turnover amounted to just 36.2 million euros, down from Friday’s 58.7 million.