Local bourse offers mixed reactions

The first session on the Athens bourse after the announcement of the government’s measures to save 30 billion euros was rather muted, with high volatility and low turnover. The Athens Exchange (ATHEX) general index closed at 1,853.55 points yesterday, declining by 0.88 percent from last Friday’s close at 1,869.99 points. During the day the index had posted gains of 1.78 percent. The blue chip FTSE/ATHEX 20 index shrank by 1.12 percent to end at 911.76 points. Public Power Corporation outperformed among blue chips with a 2.44 rise, while National Bank also posted gains of 0.65 percent. Alpha Bank declined 3.11 percent, EFG Eurobank dropped 2.95 percent, Marfin Popular Bank shed 2.73 percent, Bank of Cyprus fell 2.52 percent and Piraeus Bank declined by 2.11 percent. There were 92 stocks that posted gains, 76 that registered losses and 56 non-movers. The biggest rise was for information technology company Ilyda (up 16.67 percent), followed by Hellenic Fish Farming (12.50 percent) and Pegasus (9.96 percent), while the worst off were Cardassilaris (down 10 percent), Kordellos Bros (9.38 percent) and Vivere (8.70 percent). Turnover amounted to just 135.3 million euros, against an average of 249.5 million euros last week. The drop was due to the bank holiday in Britain that kept London’s dealing rooms closed.

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