ECONOMY

ATHEX: Investors batten down the hatches

athex-investors-batten-down-the-hatches

Local stocks saw little action on Wednesday as traders opted to wait and see how global markets shape up this week and how the Greek government copes with widespread opposition to its planned social security reforms. The benchmark posted marginal losses, while the majority of stocks ended up in positive territory and trading volume slumped anew.

The Athens Exchange (ATHEX) general index closed at 545.27 points, shedding 0.17 percent from Tuesday’s 546.22 points. The large-cap FTSE 25 index expanded 0.11 percent to end at 152.28 points.

Piraeus stood out among bank chips, adding 3.49 percent, just as Alpha fell 1.06 percent and National gave up 0.77 percent.

Viohalco outperformed with a rise of 3.08 percent, Folli Follie climbed 2.14 percent, Aegean Air flew 2.12 percent higher and Motor Oil grew 2.07 percent. Meanwhile OPAP gaming company slid 2.65 percent and Ellaktor went down 2.52 percent.

In total 55 stocks enjoyed gains, 45 reported losses and 12 remained unchanged.

Turnover amounted to 50.1 million euros, down from Tuesday’s 67.8 million.

In Nicosia the general index of the Cyprus Stock Exchange inched up 0.10 percent, to 66.81 points.