Mid-, small-caps lead rise, blue chips timid

Greek stocks continued their rebound from last week, in line with other European bourses. Interest continued to be focused on mid-caps and small-caps yesterday, with investors appearing ambivalent about blue chips, which was reflected in the much thinner trade. The Athens Exchange (ATHEX) general index added 0.34 percent to close at 4,867.35 points. The FTSE/ATHEX 20 blue chip index nudged 0.04 percent higher, the FTSE/ATHEX Mid-40 gained 0.64 percent, and the FTSE/ATHEX 80 small-cap index ended 0.99 percent higher. The Public Power Corporation outperformed among blue chips, surging 3.18 percent, while National Bank and Titan both advanced 1.06 percent. Viohalco, Hellenic Technodomiki, OTE, Piraeus Bank, Intralot, Cosmote, Eurobank and Marfin Popular Bank also headed timidly north. By contrast, betting firm OPAP tumbled 3.20 percent and Bank of Cyprus was 1.88 percent leaner (both partly due to dividend cuts). Alpha Bank shed 1.19 percent. Emporiki, Postal Savings Bank, Coca-Cola and Motor Oil also ended in negative territory. Hellenic Petroleum was unchanged. Turnover totaled -324.33 million, including -56.46 million in block trades. Construction company Athina accounted for 39.69 million euros, mostly representing its acquisition by the J&P Avax group.

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