ECONOMY

Just 10 stocks draw lion’s share of trade in Greek bourse

Investor interest was centered around just a handful of stocks on the Greek bourse on Wednesday, while losers outnumbered gainers at a rate of more than two-to-one.

The Athens Exchange (ATHEX) general index closed at 1,136.65 points, shedding 0.74 percent from Tuesday’s 1,145.09 points, as it appears to have been trapped in the 1,120- to 1,200-point range over the last few sessions. The large-cap FTSE/ATHEX 25 contracted 0.54 percent to end at 378.84 points.

OPAP’s better-than-expected third-quarter results, issued after the end of trading, will likely boost the stock’s price on Thursday, after registering a 0.77 percent decline on Wednesday.

Frigoglass outperformed, adding 2.56 percent, while National Bank grew by 1.98 percent. Terna Energy led the losers with a 4.56 percent slide, followed by Piraeus Bank (down 3.60 percent), GEK Terna (3.33 percent) and OTE telecom (3.03 percent).

In total 39 stocks enjoyed gains, 83 reported losses and 25 remained unchanged.

Turnover amounted to 76.1 million euros, up from Tuesday’s 69.9 million.

Some 84 percent of trading concerned just 10 stocks.