ECONOMY

ATHEX: Bourse rises as banks head lower

athex-bourse-rises-as-banks-head-lower

Despite the significant decline of the banks index, other stocks at Athinon Avenue welcomed back buyers on Wednesday, with trading volume remaining just above the 50-million-euro mark after the MSCI index restructuring produced no surprises for listed companies. A bank rebound could fuel a further rise over the rest of the week.

The Athens Exchange (ATHEX) general index ended at 762.83 points, adding 0.79% to Tuesday’s 756.88 points. The large-cap FTSE 25 index expanded 0.72% to close at 1,816.93 points.

The banks index contracted 1.48%, as Piraeus tumbled 5.85%, Alpha sank 1.99% and Eurobank lost 1.58%, whereas National snatched 0.15%.

Among the other blue chips, GEK Terna and Public Power Corporation stood out, advancing 5.90% and 5.41% respectively. Terna Energy grew 2.73% and Mytilineos climbed 2.51%, as Motor Oil eased 0.96%.

In total 55 stocks reported gains, 40 suffered losses and 28 remained unchanged.

Turnover amounted to €56.5 million, up from Tuesday’s €53.1 million.

In Nicosia, the general index of the Cyprus Stock Exchange increased 0.14% to 57.61 points.