ECONOMY

Stock investors opted for a long weekend

In a bourse session that stood out from the rest of the week, stocks saw very little action, with a small majority slipping marginally lower as investors seemed to have taken a long weekend. The absence of any developments concerning Greece in Friday’s Eurogroup also played its part.

The Athens Exchange (ATHEX) general index closed at 991.46 points, shedding 0.56 percent from Thursday’s 997 points. On a weekly basis the index added 5.55 percent to get within reach of the 1,000-point mark. Bank stocks, in particular, gained 6.97 percent this week.

The large-cap FTSE/ATHEX 25 index contracted on Friday by 0.31 percent to end at 340.68 points.

Blue chips had a mixed picture, with Marfin Investment Group leading large-caps with gains of 7.89 percent for the second consecutive day. At the other end, Piraeus Bank performed the worst, giving up 4.51 percent, while Intralot shrank by 3.59 percent.

In total 59 stocks recorded gains, 62 sustained losses and 19 remained unchanged.

Turnover fell to just 35.8 million euros, the lowest of the last six sessions on the bourse, compared with 46.1 million euros on Thursday.