ECONOMY

Small gains for bourse index

After a morning in the red, the Greek stock market’s benchmark bounced back from 1,090 points to post minor gains at the end of Wednesday’s session, despite the losses incurred by the banks index (down 0.37 percent).

The Athens Exchange (ATHEX) general index ended at 1,105.99 points, adding 0.21 percent to Tuesday’s 1,103.70 points. The large-cap FTSE/ATHEX 25 index expanded 0.09 percent to close at 357.83 points.

Foreign investors’ fears that an early disengagement from its creditors may see Greece relax its fiscal policy too much continued to put pressure on local stocks, while the political risk of a snap election and statements by government officials regarding a possible bank run if SYRIZA wins are making traders ever more skeptical.

Outperforming were Eurobank Properties (up 4.97 percent) and Folli Follie (2.80 percent). Eurobank fellt 2.66 percent and Hellenic Exchanges dropped 2.63 percent.

In total 67 stocks enjoyed gains, 50 took losses and 20 closed unchanged.

Turnover came to 77.7 million euros, down from Tuesday’s 87.7 million.