ECONOMY

Bourse enjoys a rebound but turnover drops

Local stocks staged an impressive rebound on Friday after Thursday’s decline, confirming the bullish tag the Athens bourse has been attributed, as the benchmark index had no problems clearing the 1,000-point level.

The Athens Exchange (ATHEX) general index ended the day at 1,014.53 points, adding 2.74 percent to Thursday’s close of 987.45 points. The large-cap FTSE/ATHEX-25 index expanded by 3 percent, ending at 342.20 points. Mid-caps fared even better, growing by 4.01 percent, showing investors’ confidence in the local market in a more general fashion.

On a weekly basis the general index added 4.17 percent, while the banks index grew by 3.35 percent.

Gaming company OPAP bounced back from its 11 percent decline on Thursday to record gains of 4.79 percent on Friday. It was outperformed by Mytilineos (up 8.16 percent) and OTE telecom (7.10 percent). Piraeus Port Authority grew by 6.12 percent and Hellenic Exchanges added 5.92 percent.

Eurobank contracted by 1.11 percent while National Bank gave up 0.83 percent.

In total 116 stocks registered gains, 55 posted losses and 20 remained unchanged.

Turnover amounted to 69.2 million euros, almost half of Thursday’s 136 million.