Mid-caps lead way on local bourse

Mid- and small-cap stocks stole the show at the start of the new week in local trade as their combined index soared 6.01 percent on top of gains registered at the end of last week.

The Athens Exchange (ATHEX) general index ended at 852.63 points, up 1.42 percent from Friday’s 840.73 points. The large-cap FTSE/ATHEX-25 index added 1.36 percent to end up at 296.88 points, while the mid-cap FTSE-40 index grew by 3.92 percent, on a day when most European bourses registered losses.

Many listed firms are seeking ways to improve their year-end reports, resulting in rising stocks outnumbering decliners by three to one.

Marfin Investment Group expanded by 13.21 percent, followed by Jumbo (up 6.45 percent) and Intralot (5.70 percent). The two blue chips with the highest capitalization were Coca-Cola HBC and National Bank, losing 2.24 percent and 2.14 percent respectively.

In total 119 stocks posted gains, 41 took losses and 17 were unchanged. Turnover amounted to 51.1 million euros, against last Friday’s 46.9 million.

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