ECONOMY

PPC lifts main bourse index, offsetting bank losses

The local stock market saw moderate turnover in the first trade session of the week while the significant decline registered by the banks index was offset by growth among other blue chips.

The Athens Exchange (ATHEX) general index closed at 975.67 points, expanding by 0.18 percent from Friday’s 973.95 points. The large-cap FTSE/ATHEX-25 contracted by 0.38 percent, ending at 327.10 points. The mid-cap index, on the other hand grew 0.13 percent.

Leading the decline among banks were Eurobank (down 6.86 percent), National (6.67 percent), Piraeus (6.55 percent) and Alpha (4.92 percent), but the main index was buoyed by Public Power Corporation (up 5.71 percent), Jumbo (2.89 percent) and Marfin Investment Group (2.60 percent).

In total 77 stocks registered gains, 84 posted losses and 22 stayed put.

Turnover amounted to 66.2 million euros, against Friday’s 70.3 million.