ECONOMY

ATHEX: Bourse benchmark gave up 12.44 pct in January on review uncertainty

athex-bourse-benchmark-gave-up-12-44-pct-in-january-on-review-uncertainty

January left the Greek bourse with monthly losses of 12.44 percent – despite Friday’s healthy gains on notably improved trading volume – due to the uncertainty hanging over the government’s ability to complete the first bailout assessment on time, not to mention the general downward trend on global markets.

The Athens Exchange (ATHEX) general index closed at 552.83 points, adding 1.96 percent to Thursday’s 542.18 points, mainly on the words of praise by foreign investors visiting Athens on Friday. The large-cap FTSE 25 index expanded 1.73 percent to end at 153.40 points.

On a weekly basis the benchmark added 3.45 percent, the first week of gains seen in 2016.

Viohalco was the day’s champion, as it grew 6.02 percent, edging ahead of Motor Oil (up 5.88 percent). Titan Cement climbed 4.80 percent and Hellenic Petroleum rose 4.32 percent. Eurobank lost 1.18 percent.

In total 73 stocks posted gains, 31 registered losses and 17 closed unchanged.

Turnover amounted to 99.8 million euros, up from Thursday’s 48.3 million.

In Nicosia the general index of the Cyprus Stock Exchange advanced 0.90 percent to 67.41 points.