ECONOMY

ATHEX: Sweet end to another sour trading week

athex-sweet-end-to-another-sour-trading-week

With the stocks of Alpha, Eurobank and Piraeus Bank suspended till next week, there was little action on the local stock market on Friday, though most of their non-banking counterparts did end with gains, which saw the main index rise. For the week as a whole, however, the benchmark ended in the red on the back of losses registered in previous days.

The Athens Exchange (ATHEX) general index closed at 649.79 points, adding 1.09 percent to Thursday’s 642.77 points. On a weekly basis the benchmark declined 1.37 percent, and the bank index by 39.82 percent.

The large-cap FTSE 25 index expanded 0.68 percent on Friday to end the week at 192.21 points.

On its last trading day the old shares of National Bank shaved 16.49 percent off the lender’s stock market value. The stock will now be suspended for four sessions before the new shares are introduced next Friday. Attica Bank – a mid-cap – fell 8.33 percent. Alpha and Eurobank are set to return to trading on Wednesday.

Ahead of its entry into the MSCI Standard Index on Monday, Public Power Corporation advanced 6.67 percent. It was followed by OPAP (up 6.42 percent), Aegean Air (5.89 percent) and Viohalco (5 percent). Grivalia Properties gave up 3.75 percent.

In total 60 stocks registered growth, 36 headed south and 17 remained unchanged.

Turnover amounted to 26.4 million euros, up from Thursday’s 25.6 million.