ECONOMY

ATHEX: Handful of blue chips take bourse lower

athex-handful-of-blue-chips-take-bourse-lower

The losses sustained heavy blue chips such as Coca-Cola HBC, OPAP, Hellenic Exchanges and Eurobank offset the rise recorded by the majority of stocks, including most banks on Tuesday, leaving the benchmark of the Greek bourse in the red on slightly improved trading volume. In any case, investors are unlikely to make any major moves before the completion of the banks’ stress tests.

The Athens Exchange (ATHEX) general index closed at 678.30 points, shedding 0.36 percent from Monday’s 680.75 points. The large-cap FTSE 25 index contracted 0.73 percent to end at 201.04 points.

National Bank grew 7.09 percent thanks to a late rally during the closing auctions, while Piraeus Bank added 6.94 percent, with both of them taking the bank index 4.26 percent higher. Eurobank declined 4.17 percent, Coca-Cola HBC fell 3.35 percent, OPAP gave up 2.67 percent, Mytilineos decreased 2.42 percent and Hellenic Exchanges lost 1.96 percent. OTE telecom was a non-mover after seven consecutive sessions of growth.

In total 43 stocks registered gains, 38 reported losses and 14 remained unchanged.

Turnover amounted to 34.1 million euros, up from Monday’s 25.3 million.