ECONOMY

ATHEX: Benchmark refuses to lose ground

athex-benchmark-refuses-to-lose-ground

The benchmark of the Greek stock market resisted heading south on Monday despite spending most of the day in the red and seeing its eurozone peers suffer losses. A late rally offset all of the day’s losses, although the blue-chip and the mid-cap indexes ended with a small decline and turnover remained at low levels.

The Athens Exchange (ATHEX) general index ended at 647.98 points, adding 0.18% to Friday’s 646.80 points. However, the large-cap FTSE 25 index contracted 0.15% to 1,568.01 points and the mid-cap index contracted 0.61%.

The banks index shrank 0.43% as Piraeus lost 2.69% and National fell 1.35%, while Alpha improved 0.47% and Eurobank advanced 0.40%.

Ellaktor jumped 6.85%, Motor Oil increased 2.46% and Jumbo gave up 3.97%.

In total 45 stocks recorded gains, 63 endured losses and 15 remained unchanged.

Turnover was the lowest of the last three weeks, amounting to 43.7 million euros, down from last Friday’s €58.6 million.

In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.64% to close at 48.02 points.