ECONOMY

ATHEX: Local stock index rises on late trading

athex-local-stock-index-rises-on-late-trading

The Athens stock market’s last session of the week produced slight gains for blue chips and small losses for mid-caps, while the benchmark recorded marginal growth on relatively low trading volume.

The Athens Exchange (ATHEX) general index closed on Wednesday at 619.96 points, adding 0.15 percent to Tuesday’s 619.04 points. The three days that constituted the trading week produced losses of 0.50 percent for the benchmark.

The large-cap FTSE 25 index expanded 0.68 percent on Wednesday to end at 181.60 points, while the mid-cap index contracted 0.61 percent.

It had appeared that the session would end with greater losses, but the closing auctions turned things around, securing small gains for many non-banking blue chips. Coca-Cola HBC’s stock topped 20 euros (closing at 20.28 euros) with gains of 4.59 percent on the day, outperforming large-caps. It was followed by Titan Cement, which grew 3.06 percent, and Lamda Development, which rose 2.70 percent. Piraeus Port Authority suffered a 6.45 percent slide, Terna Energy gave up 5.18 percent and Hellenic Petroleum declined 2.79 percent.

In total 48 stocks recorded gains, 51 sustained losses and 19 remained unchanged.

Turnover amounted to 107.8 million euros in the last session before Christmas, down from Tuesday’s 194.8 million.