ECONOMY

Stocks gained 12 pct during April trading

When the local bourse reopens on Thursday morning after the May Day break, traders will have a chance to express their views on Wednesday’s OPAP deal, before the start of the four-day Easter weekend.

The Athens Exchange (ATHEX) general index closed on Tuesday at 974.09 points, after shedding 0.81 percent from Monday’s 982.01 points.

The large-cap FTSE/ATHEX-25 declined by 1.04 percent to end at 322.33 points.

Tuesday’s session was the last for April, during which the benchmark rose 12.07 while banks posted gains of 10.74 percent.

However on Tuesday banks took a serious beating, as National took a 19.11 percent dive, Eurobank gave up 14.41 percent, Alpha dropped 12.64 percent and Piraeus contracted by 7.83 percent.

OPAP’s 8.87 percent growth was seen by some as a technical effort on Tuesday to up the offer Emma Delta would submit a day later. Viohalco gained 7.36 percent.

In total 69 stocks posted gains, 79 registered losses and 23 stayed unchanged.

Turnover was the highest since July 2011, amounting to 197.7 million euros, compared with Monday’s 59.4 million.