ATHEX: Stock market consolidation continues

ATHEX: Stock market consolidation continues

Still in search of news offering clear direction, Athinon Avenue had another mixed session on Wednesday, with banks ceding some ground while the majority of stocks notched up gains, on improved turnover.

The Athens Exchange (ATHEX) general index closed at 822.62 points, shedding 0.02 percent from Tuesday’s 822.77 points. The large-cap FTSE-26 index contracted 0.16 percent to 2,161.14 points, while small-caps expanded 1.73 percent.

The consolidation trend remains dominant on the Greek bourse, with its main feature on Wednesday being the start of trading of the Mytilineos bond, which helped the blue chip 2.20 percent higher.

Banks decreased 1.63 percent, with National dropping 3 percent and Piraeus continuing its slide, giving up 2.83 percent on Wednesday.

Persistent climbers such as Ellaktor (up 5.80 percent), GEK Terna (3.90 percent) Lamda Development (3.23 percent) continued their ascent.

In total 64 stocks posted gains, 50 sustained losses and 17 remained unchanged.

Turnover amounted to 62.2 million euros, up from Tuesday’s 44 million.

In Nicosia the general index of the Cyprus Stock Exchange declined 0.16 percent to 75.54 points.

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