ECONOMY

Most Greek stocks grow but main index declines

Greek stocks presented a mixed picture on Tuesday, as banks and most blue chips headed south, while mid-caps and small-caps enjoyed gains and turnover slid to a more subdued holiday level.

The Athens Exchange (ATHEX) general index closed at 816.15 points, shedding 0.45 percent from Monday’s 819.81 points.

The large-cap FTSE/ATHEX 25 index contracted 1.38 percent to end at 262.43 points.

Mid-caps expanded 0.80 percent and small-caps rose 1.13 percent.

The last trading session of 2014 will take place on Wednesday before the economy enters the unknown territory of the new year, with less than four weeks to go until the crucial snap election and the last assessment by the country’s creditors still pending.

Marfin Investment Group soared 12.10 percent, followed by Motor Oil, which rose 8.33 percent, and Hellenic Petroleum, which climbed 5.36 percent.

Piraeus Bank declined 5.97 percent and Jumbo fell 4.63 percent.

In total 57 stocks registered gains, 44 sustained losses and 19 remained unchanged.

Turnover amounted to 51.5 million euros, down from Monday’s 124.7 million.