ECONOMY

ATHEX: Index rises on a rare day of stock gains

athex-index-rises-on-a-rare-day-of-stock-gains

Most Greek stocks joined the rebound on international markets on Tuesday, leading to the second session of gains this year for the local benchmark, albeit on the lowest trading volume of the last six sessions.

The Athens Exchange (ATHEX) general index closed at 558.25 points, adding 2.78 percent to Monday’s 543.13 points. The large-cap FTSE 25 index expanded 2.68 percent to end at 155.47 points, while mid-caps contracted 0.14 percent.

Despite the banks index chalking up gains of 2.35 percent, all bank stock prices remained below their recent share capital increase level, while the second northbound day for Bank of Cyprus (up 5 percent on Tuesday) was of particular note.

National rose 3.73 percent, Piraeus earned 2.66 percent, Eurobank climbed 2.55 percent and Alpha added 1.60 percent. Attica Bank fell to a new all-time low of 0.173 euros, giving up 1.14 percent.

Mytilineos outperformed, rising 8.16 percent, followed by Titan Cement (up 6.83 percent), OPAP (6.68 percent) and Hellenic Petroleum (5.90 percent). Grivalia Properties fell 0.83 percent.

In total 73 stocks registered gains, 32 suffered losses and 17 stayed unchanged.

Turnover amounted to just 58.2 million euros, down from Monday’s 85.6 million.