ECONOMY

Small-caps and banks nudge index higher

Small-caps nudged the Greek stock market higher yesterday with some help from banks. The Athens Exchange (ATHEX) general index closed at 5,214.17 points, with a gain of 0.11 percent. The blue chip FTSE/ATHEX 20 index was up 0.15 percent, the FTSE/ATHEX 40 mid-cap index rose 0.54 percent and the FTSE/ATHEX 80 small-cap index continued its advance by adding 1.26 percent. The FTSE/ATHEX International gained 0.20 percent. Health stocks outperformed, followed by utilities and financial services. Banks were 0.45 percent higher. Public Power Corporation led blue chips, closing 1.45 percent higher. Alpha Bank advanced 1.38 percent and Hellenic Petroleum, Hellenic Technodomiki, OPAP, Titan and banks EFG Eurobank, National, Cyprus and Piraeus also headed north. By contrast, Emporiki shed 1.92 percent, OTE slumped 1.78 percent, Viohalco lost 1.44 percent and Intralot fell further, dropping 1.43 percent. Motor Oil, Postal Savings Bank, Marfin Popular Bank and Cosmote followed in negative territory. Utilities Piraeus Port Authority (OLP) and Thessaloniki’s port and water authorities, OLTH and EYATH, closed at new historic highs. Turnover rose to -408.7 million, of which -40.6 million was in block trades. The total capitalization of the ATHEX came to -199.85 billion.