ECONOMY

Small-caps help index over the 4,900 mark

Stocks in the Athens market continued their northward course, with the general index registering a new seven-year record, closing above 4,900 points for the first time since April 2000 due to strong interest in small -caps. The ATHEX general index closed 0.38 percent higher at 4,905.46 points yesterday, from 4,886.83 points on Friday. The FTSE/ATHEX 20 blue chip index gained just 0.05 percent to close at 2,631.78 points, mainly thanks to Cosmote and Eurobank stocks. The FTSE/ATHEX Mid-40 gained 0.97 percent to 6,194.54 points, and the FTSE/ATHEX 80 small-cap index rose by 0.87 percent, ending at 1,035.45 points. Folli-Follie led gainers among blue chips with a 3.86 percent rise, followed by Cosmote (up 2.50 percent), Eurobank (2.12 percent) and OTE (1.55 percent). Bank of Cyprus and Coca-Cola HBC had the greatest losses, 2.84 percent and 2.12 percent respectively. Most sectoral indices headed higher, except for five. Mass media led the rise with a significant 4.50 percent increase, ahead of household goods (up 2.20 percent), chemicals (1.97 percent) and telecommunications (1.79 percent). Food and drink finished worst off with a 1.22 percent decline. Turnover totaled -357.74 million, including -42.8 million in prearranged trades.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.