ECONOMY

ATHEX: Traders reap gains from previous days

athex-traders-reap-gains-from-previous-days

With just half a session left to go before the end of the year, traders on Wednesday cashed in their recent gains in what was by far the busiest trading day this week in terms of turnover. Once again National Bank dominated proceedings, ahead of the increase in its weighting in the MSCI index as of Thursday.

The Athens Exchange (ATHEX) general index closed at 610.97 points, sliding 1.07 percent from Tuesday’s 617.55 points. The large-cap FTSE 25 index contracted 1.31 percent to end at 177.21 points.

National Bank accounted for 70 percent of all turnover on the day and was the only systemic lender whose stock posted gains, a quite respectable 3.66 percent. The banks index gave up 2.40 percent, with Piraeus shedding 7.93 percent, Eurobank dropping 2.91 percent and Alpha falling 2.40 percent.

Among other blue chips Jumbo declined 5.15 percent, Titan Cement slumped 4.17 percent and Public Power Corporation conceded 2.16 percent. Grivalia Properties expanded 2.33 percent and OPAP increased 1.45 percent.

In total 38 stocks recorded gains, 52 registered losses and 27 remained unchanged.

Turnover amounted to 180.7 million euros, up from Tuesday’s 73.2 million.