ECONOMY

ATHEX: Mixed finish for stocks as traders cash in previous days’ gains

athex-mixed-finish-for-stocks-as-traders-cash-in-previous-days-gains

Stocks presented a mixed picture on Tuesday at the Greek bourse, with the main banks split between winners and losers, and declining stocks marginally edging out the gainers, while the benchmark and trading volume headed south. Traders appeared to have decided to cash in on the significant increases recorded on Friday and Monday.

The Athens Exchange (ATHEX) general index closed at 482.89 points, shedding 1.03 percent from Monday’s 487.92 points. The large-cap FTSE 25 index fell 1.38 percent to end at 129.73 points, although small-caps expanded 1.66 percent.

After outperforming on Friday and Monday, Alpha Bank and National gave up 5.63 percent and 3.68 percent respectively. Eurobank and Piraeus, on the other hand, advanced 5.70 percent and 4.76 percent respectively. Among other blue chips Jumbo climbed 2.93 percent and Lamda Development declined 4.26 percent.

In total 44 stocks recorded gains, 46 suffered losses and 23 stayed unchanged.

Turnover amounted to 47.2 million euros, down from Monday’s 74.5 million.

In Nicosia the general index of the Cyprus Stock Exchange rose 0.39 percent to 64.10 points.