ECONOMY

ATHEX: NBG crashes but index rises

athex-nbg-crashes-but-index-rises

The benchmark of the Greek stock market rose for a third consecutive session on Monday on the continued recovery of bank chips (with the exception of National Bank, which hit another limit-down) and the restructuring of foreign investors’ portfolios, which appears to be in full swing. However, losing stocks outnumbered the gainers.

The Athens Exchange (ATHEX) general index closed at 590.26 points, adding 2.07 percent to Friday’s 578.30 points.

The large-cap FTSE 25 index expanded 1.26 percent to end at 172.11 points, while small-caps advanced 6.99 percent.

The banks index grew 7.39 percent, although National slumped 30 percent; Alpha gained 8.29 percent, Piraeus increased 6.61 percent and Eurobank added 6.34 percent.

Among other blue chips, Ellaktor rose 4.38 percent and EYDAP gained 1.96 percent. On the losing side Lamda Development fell 5.77 percent and Public Power Corporation gave up 4.01 percent, as large-caps were split down the middle between winners and losers.

In total 36 stocks registered gains, 53 sustained losses and 18 remained unchanged.

Turnover amounted to 175.6 million euros, up from last Friday’s 163 million.