ECONOMY

Fourth day of gains, but on low turnover

A fourth consecutive day of gains for stocks took the main index closer to the 1,000-point mark, but trading volume dipped anew. Expectations of something significant coming out of the Eurogroup meeting or Thursday’s statement by the European Central Bank helped prop up the benchmark in the latter half of the day.

The Athens Exchange (ATHEX) general index ended at 957.70 points on Wednesday, adding 0.37 percent to Tuesday’s 942.70 points. The large-cap FTSE/ATHEX 25 index expanded 1.41 percent to 312.24 points.

The bourse had not seen four straight days of gains in a row since late August, but the low turnover allows for little – if any – optimism.

Ellaktor was the biggest large-cap earner on the day, adding 6.17 percent, ahead of Mytilineos (up 4.43 percent) and Hellenic Exchanges (3.57 percent). Grivalia Properties (down 3.41 percent) and OPAP gaming company (1.58 percent) were the only blue chip losers.

In total 64 stocks reported gains, 38 registered losses and 21 remained unchanged.

Turnover was the lowest in the last 21 sessions, amounting to 56.9 million euros, down from Tuesday’s 61.6 million.