ECONOMY

Bourse fails to capitalize on good news

Stocks on the Greek bourse began the month of September in search of direction, split between winners and losers and with the main index oscillating between positive and negative territory before settling for marginal gains at the end of the session.

The Athens Exchange (ATHEX) general index closed at 899.19 points, 0.08 percent lower than Friday’s 899.92 points. The large-cap FTSE/ATHEX 25 index expanded by 0.40 percent to end at 308.92 points.

An early bank-led rally soon ran out of steam, with the market failing to capitalize on news of the increased primary surplus and positive growth figures from China.

Water company EYDAP led the blue chips with gains amounting to 7.64 percent, followed by Coca-Cola HBC (up 3.36 percent) and Motor Oil (2.55 percent).

Titan cement declined by 3.20 percent and Folli Follie contracted by 2.94 percent. National Bank gave up 2.61 percent.

In total 59 stocks posted gains, 54 sustained losses and 18 remained unchanged.

Turnover amounted to 31 million euros, compared with a daily average of 34.4 million euros last week.