ECONOMY

Athens bourse chalks up 7th day of gains

The closing auctions once again helped the Athens bourse’s benchmark to stay afloat on Tuesday, as a late rally by banks locked in gains for the main index even though the majority of stocks ended up on the losing side.

The Athens Exchange (ATHEX) general index closed at 1,202.27 points, adding 0.45 percent to Monday’s 1,196.84 points. The large-cap FTSE/ATHEX 25 expanded by 0.55 percent to end at 399.92 points, while the small-cap index declined by 0.57 percent. The mid-cap index outperformed, though, rising 4.79 percent thanks to major gains by Eurobank (up 28.7 percent) and Attica Bank (9.1 percent).

The seventh consecutive northbound bourse session was dominated by National Bank, which jumped 6.82 percent on turnover of more than 35 million euros. Eurobank Properties added a remarkable 7.79 percent. Non-banking blue chips such as OPAP (down 1.84 percent), OTE telecom (0.43 percent) and Public Power Corporation (0.88 percent) were among the day’s losers.

In total, 68 stocks registered gains, 81 suffered losses and 13 remained unchanged.

Turnover amounted to 148.9 million euros, down from Monday’s 193.3 million.