ECONOMY

Lenders’ slide checks gains for bourse benchmark

Bank stocks continued their decline on Thursday, but that was not enough to force more losses on the Athens bourse benchmark, which gained more than 1 percent thanks to the closing auctions in a rather indifferent market, as the constantly low trading volume reveals.

The Athens Exchange (ATHEX) general index ended at 752.37 points, adding 1.13 percent to Wednesday’s 743.95 points. The large-cap FTSE/ATHEX 25 index expanded 0.63 percent to close at 222.39 points.

The bank index dropped 2.58 percent with Eurobank losing 4.44 percent and Alpha falling 2.65 percent.

Jumbo climbed 7.14 percent one day after announcing an 8.57 percent yearly increase in turnover in the period from July 2014 to March 2015.

PPC grew 6.04 percent and Motor Oil advanced 3.88 percent, while Marfin Investment Group lost 5.98 percent and EYDAP slipped 3.75 percent.

In total 56 stocks posted gains, 54 took losses and 14 stayed put.

Turnover came to 67.3 million euros, against Wednesday’s 63.9 million.