ECONOMY

Greek stocks grow despite drop for lenders

Non-banking blue chips turned their backs on the turmoil that continued to rock local lenders on Monday, although the significant gains recorded by the benchmark came on a day with very low turnover.

The Athens Exchange (ATHEX) general index closed at 811.78 points, adding 2.68 percent to Friday’s 790.59 points. The large-cap FTSE/ATHEX 25 index expanded 2.06 percent to end at 257.75 points.

Banks declined 0.40 percent, as Eurobank slumped 4.12 percent. Marfin Investment Group’s decision to go ahead with a 300-million-euro share capital increase sent its stock soaring 17.18 percent.

Energy stocks also fared well, as Mytilineos grew 9.03 percent and PPC climbed 9.01 percent.

In total 59 stocks enjoyed gains, 37 recorded losses and 25 stayed put.

Turnover amounted to 53.3 million euros, down from Friday’s 97.6 million, although this could be explained by the US holiday.