ECONOMY

ATHEX: Index loses 11.25 percent over the week

Investors experienced another rollercoaster day at the Greek bourse on Friday, with the stock market’s main index ending the session with a small rise. Banks’ growth was contained as lenders’ stock reverted to losses following the respite gained on news of an ELA extension by the European Central Bank.

The Athens Exchange (ATHEX) closed at 687.33 points, adding 0.57 percent to Thursday’s 683.43 points. On a weekly basis the benchmark gave up 11.25 percent due to the heavy losses recorded from Monday to Wednesday, in what was the fourth consecutive southbound week for stocks.

The large-cap FTSE/ATHEX 25 index expanded 0.20 percent to close at 208.19 points, but mid-caps advanced 1.70 percent.

The banks index shrank 1.58 percent as National and Alpha closed at their day low: National lost 3.83 percent and Alpha dropped 3.74 percent.

The biggest gains of the day were for EYDAP (up 9.84 percent), Piraeus Port Authority (9.52 percent) and Hellenic Petroleum (6.86 percent). Grivalia Properties surrendered 4.55 percent.

In total 64 stocks went up, 32 sustained losses and 28 closed without change.

Turnover amounted to 143.2 million euros, up from Thursday’s 117.7 million.

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