ECONOMY

Moderate rise on low volume at local bourse

The benchmark index of the Greek bourse rose slightly during the week’s opening session, which posted the lowest turnover in 10 sessions, as traders await more concrete news regarding the talks between Athens and its international creditors and listed companies’ eagerly anticipated third-quarter figures.

The Athens Exchange (ATHEX) general index closed at 1,141.33 points, adding 0.69 percent to Friday’s 1,133.46 points. The large-cap FTSE/ATHEX 25 expanded 0.79 percent to end at 379.31 points.

Merchant Marine Minister Miltiadis Varvitsiotis’s statement that the privatization of Piraeus Port Authority is starting did not work in the stock’s favor as it declined by 2.15 percent. National Bank fared even worse as it gave up 2.40 percent.

On the other hand, Jumbo recorded a 4 percent increase to reach a 70-month peak. It was only beaten by Eurobank Properties, which notched up a 5.83 percent rise. Piraeus Bank advanced 2.17 percent.

In total 69 stocks registered gains, 60 sustained losses and 30 remained unchanged.

Turnover amounted to 73.1 million euros, down from last Friday’s 98.5 million.