ECONOMY

Benchmark edges up on volatile day

benchmark-edges-up-on-volatile-day

High volatility and low turnover were the main features of Wednesday’s session of the Greek bourse, in which the banks index recorded a downward correction after five days of gains, but the benchmark continued to climb on interest in non-banking chips.

The Athens Exchange (ATHEX) general index closed at 669.26 points, adding 0.27 percent to Tuesday’s 667.47 points.

The large-cap FTSE 25 index expanded 0.38 percent to end at 196.17 points.

The mid-cap index outperformed with gains of 0.64 percent.

Banks declined 1.88 percent, with most credit sector stocks showing great fluctuations during the day. Eventually Piraeus Bank sustained losses of 7.32 percent, Eurobank gave up 6.82 percent, Alpha fell 1.45 percent and National grew 1.20 percent. EYDAP water company advanced 4 percent and Coca-Cola HBC climbed 3.83 percent.

In total 46 stocks registered gains, 50 headed south and 20 closed unchanged.

Turnover amounted to just 28.5 million euros, down from Tuesday’s 40.4 million.