ECONOMY

Peripheral gains make up for blue chip losses

The Athens benchmark inched up on Tuesday as gains registered by small- and mid-caps outweighed the losses incurred by bank stocks in the aftermath of the Eurogroup decisions regarding the bond buyback process.

The Athens Exchange (ATHEX) general index ended at 847.06 points, adding 0.29 percent to Monday’s closing figure of 844.57 points. The blue chip FTSE/ATHEX 20 index gave up 1.39 percent to close at 298.32 points.

Banks slid a considerable 9.80 percent, led by Eurobank Ergasias (down 12.64 percent), Piraeus (11.78 percent), Alpha (11.11 percent) and National (9.41 percent). METKA outperformed, adding 6.14 percent, followed by Viohalco (up 4.32 percent).

In total 76 stocks went up, 66 declined and 30 stayed put.

Turnover soared to 92.2 million euros, the biggest registered in the last 18 sessions, against Monday’s 36.2 million.