Bourse keeps chalking up gains for fifth week in a row

The market appeared to be appeased by Finance Minister Yannis Stournaras’s statements yesterday that some measures may be taken to cover the half-billion-euro hole in the 2014 budget, with the bourse ending the week with another session of gains.

The Athens Exchange (ATHEX) general index closed at 1,190.52 points, adding 1.37 percent to Thursday’s 1,174.41 points. It rose for a fifth straight week, by 2.10 percent.

The large-cap FTSE/ATHEX 25 expanded by 1.12 percent to end at 395.81 points.

Viohalco outperformed, rising 6.06 percent, while Terna Energy fell 3.04 percent.

In total, 79 stocks moved up, 56 declined and 23 stayed put.

Turnover was affected by the prospect of the long weekend, amounting to 88.6 million euros, down from Thursday’s 112.5 million.