Caution stays; CCHBC at new historic high
Greek stocks rebounded in line with foreign markets yesterday but trade remained thin, indicating continuing caution among investors. Blue chips were the main beneficiaries, while mid-caps and especially small-caps showed weakness. The benchmark Athens Exchange (ATHEX) general index rose again above the 4,800-point level, adding 0.98 percent to close at 4,838.51. The blue chip FTSE/ATHEX 20 index was up 0.80 percent at 2,568.72 points, while the mid-cap FTSE/ATHEX 40 index added 0.45 percent and the small-cap FTSE/ATHEX 80 index declined 0.33 percent. The FTSE/ATHEX International was up 0.75 percent. Coca-Cola HBC continued its advance, outperforming other blue chips with a gain of 3.33 percent to a new historic high of 37.20. The Public Power Corporation climbed 3.21 percent, Eurobank regained the ground lost on Monday, adding 2.78 percent, Cosmote advanced 2.12 percent, Intralot rose 1.62 percent and Alpha Bank was 1.04 percent higher. Hellenic Technodomiki, OPAP, OTE and banks ATE, National and Cyprus also headed north. By contrast, Piraeus Bank, Emporiki Bank, Postal Savings Bank and Titan Cement ended in negative territory. Viohalco, Motor Oil and Marfin Popular Bank were unchanged. Turnover nudged down to -238.85 million, of which -29.69 million was in block trades.
