Bourse ends week with gains for most stocks

Most local stocks ended the week’s final session with gains on Friday, but the Athens bourse’s benchmark index posted a marginal drop following a day of thin trade. Observers insist that the positive news from Brussels over the last couple of days had already been priced in the market on a “buy the rumor, sell the fact” basis.

The Athens Exchange (ATHEX) general index ended at 857.05 points, declining by 0.32 percent from Thursday’s 859.76 points. On a weekly basis the benchmark index has added 1.94 percent. The large-cap FTSE/ATHEX-25 index contracted by just 0.07 percent on Friday to end the week at 298.71 points.

There was little movement among bank stocks, but energy companies enjoyed some major gains: Terna Energy outperformed the blue chips with gains of 5.40 percent, while Public Power Corporation grew by 3.55 percent. Duty Free Shops gave up 4.11 percent.

Notably, OTE posted gains for the eighth session in a row yesterday, adding 1.89 percent.

In total 91 stocks went up, 56 fell and 28 stayed put.

Turnover amounted to 38 million euros, down from Thursday’s 61.7 million.

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