ECONOMY

Six blue chips take up lion’s share of trade

Most trade on the Greek stock exchange on Tuesday was centered around six blue chips – namely Duty Free Shops, National Bank, Alpha Bank, OTE, OPAP and Piraeus Bank – which together accounted for 73 percent of the daily turnover.

The Athens Exchange (ATHEX) general index closed at 942.18 points, declining by 0.12 percent from Monday’s 943.33 points. The large-cap FTSE/ATHEX-25 contracted by 0.34 percent to 309.57 points, but mid-caps posted a rise of 1.48 percent.

The benchmark index contained most of its losses toward the end of the session as the market proved too reserved to proceed to extensive selling despite the moderate disappointment from the offers for the 33 percent stake in OPAP. The Greek gaming monopoly saw its stock slide 3.95 percent.

Eurobank tumbled 21.30 percent following its decision on Monday to surrender to the Hellenic Financial Stability Fund for its recapitalization. Viohalco, on the other hand, added 4.57 percent.

In total 64 stocks posted gains, 82 suffered losses and 25 stayed put.

Turnover amounted to 53.1 million euros, up from 50.3 million on Monday.