ECONOMY

ATHEX: Late surge makes it eight successive sessions of gains for the benchmark

athex-late-surge-makes-it-eight-successive-sessions-of-gains-for-the-benchmark

A late rally at the Greek stock market on Monday due to positive news from Brussels about the return of the creditors’ representatives reversed the initial slide into another session of gains for the benchmark, the eighth in a row. However, declining stocks edged out their rising counterparts by the slightest of margins.

The Athens Exchange (ATHEX) general index closed at 559.44 points, adding 1.19 percent to Friday’s 552.84 points. The large-cap FTSE 25 index expanded 1.82 percent to end at 152.66 points, but mid-caps contracted 1.29 percent as the late surge left them behind in its wake.

National Bank outperformed with a 5.86 percent rise, followed by Titan Cement (up 5.41 percent) and Folli Follie (5.40 percent). Mytilineos conceded 4.43 percent and EYDAP gave up 3.59 percent.

In total 52 stocks posted gains, 53 suffered losses and 12 closed unchanged.

Turnover amounted to 58 million euros, down from last Friday’s 72.7 million.

In Nicosia the general index of the Cyprus Stock Exchange grew 0.40 percent to reach 67.94 points.