ECONOMY

Mid-caps head north as blue chips slide

The Greek bourse appeared quite divided on Tuesday as banks led the blue chips and the benchmark index lower, while the majority of stocks, driven by most mid-caps, enjoyed significant gains on the back of positive estimates regarding the course of the country’s economy.

The Athens Exchange (ATHEX) general index closed at 913.62 points, shedding 1.28 percent from Monday’s 925.49 points. The large-cap FTSE/ATHEX-25 contracted by 1.67 percent to 296.10 points, but the mid-cap index expanded by 2.08 percent and small-caps grew 1.56 percent.

The banks index shrank by 6.06 percent, with Eurobank Ergasias falling 15.22 percent, Alpha giving up 8.70 percent on the approval of its share capital increase, and National declining by 7.85 percent.

Coca-Cola HBC suffered losses of 5.29 percent. The OPAP gaming company dropped 1.27 percent in anticipation of the binding offers for its 33 percent stake up for sale.

Marfin Investment Group expanded by 7.87 percent, Mytilineos added 4.65 percent and Terna Energy climbed 3.75 percent.

In total 76 stocks posted gains, 60 suffered losses and 22 remained unchanged.

Turnover amounted to 50.5 million euros, down from Monday’s 54 million.