Bourse rises early but loses gains by closing

Bourse rises early but loses gains by closing

It was an up-and-down day on the Greek stock exchange in Athens on Wednesday, with the general index fluctuating before settling at almost the same level as Tuesday.

There was an upward spurt in early trading in the wake of Standard and Poor’s deciding late on Tuesday to upgrade the four core Greek banks from selective default, or SD, to CCC+/C with a stable outlook.

However, the apparent enthusiasm seemed to abate during the course of the day, meaning the general index landed at 551.61 at the closing, which was 0.01 percent lower than a day earlier.

Turnover was low, reaching 31.4 million euros.

Alpha Bank’s shares saw the biggest gains as they rose by 3.05 percent, followed by the Public Power Corporation (+1.9 percent) and Ellaktor (1.54 percent).

Terna Energy’s shares experienced the largest fall on Wednesday, dropping 3.33 percent.

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