ECONOMY

Main index retains most August gains

Greek stocks recovered most of their earlier losses during end-of-session block trades Friday, ending at about the same level as the previous week.

The Athens Exchange (ATHEX) general index closed 0.26 percent lower, at 955.18 points.

The FTSE/ATHEX Large Cap shed 0.82 percent, ending at 323.60 points, but the mid-caps index gained 0.90 percent to close at 1.092 points. The main index is now 5.21 percent higher than at the beginning of the year and registered gains of 7.89 percent in August alone.

National Bank rebounded 3.96 percent to end at 3.15 euros, betting firm OPAP remained southbound, shedding 1.44 percent to 7.51 euros, Piraeus Bank dropped 0.91 percent to 1.09 euros, and Coca-Cola HBC plunged 3.64 percent to 20.67 euros. Public Power Corporation gained 0.76 percent to 7.94 euros and Alpha Bank was 0.95 percent higher at 0.53 euros. Other large-caps heading north were Hellenic Petroleum (2.86 percent), Intralot (1.69 percent), Jumbo (1.95 percent) and Motor Oil (1.27 percent). By contrast, Eurobank Properties slid 3.33 percent and Frigoglass was 2.35 percent lower.

Turnover totaled 40.24 million euros, mainly accounted for by National Bank, OPAP, Piraeus Bank and CCHBC. Decliners outnumbered advancers 59 to 58 and 18 stocks remained unchanged.