ECONOMY

Low turnover but stocks rise

Stocks edged higher on the Greek bourse yesterday but turnover remained disappointingly low, under the 100-million-euro mark. The Athens Exchange (ATHEX) general index rose to 1,730.95 points yesterday, gaining 0.24 percent from Monday. The blue chip FTSE/ATHEX 20 index expanded by 0.37 percent to 889.66 points. Nervousness seems to be prevailing on European markets this week, as the macroeconomic outlook is showing no clear trend; consequently investors remain reserved and hesitant about making any major moves. And this is directly reflected in the local market as well. EFG Eurobank led blue chips with a 4.94 percent rise, ahead of Viohalco (up 3.68 percent) and Marfin Popular Bank (2.94 percent). Incurring the worst losses were Alpha Bank (down 3.55 percent) and OPAP (3.24 percent). Turnover reached just 79.1 million euros.