ECONOMY

Local stocks continue to head north

The upward trajectory of the Greek bourse continued for the third day in succession yesterday, ending the week with gains thanks to expectations for developments in the banking sector. The favorable international climate also played a role. The Athens Exchange (ATHEX) general index closed at 1,656.82 points, expanding by 2.69 percent from Thursday’s close at 1,613.41 points. On a weekly basis, the benchmark index posted 7.10 percent growth, the biggest since early March. The blue chip FTSE/ATHEX 20 index grew by 2.96 percent to end up at 815.42 points. All blue chips registered gains yesterday, led by banks, whose sectoral index advanced 3.25 percent. The biggest rise was for Eurobank EFG, which rose 6.05 percent, followed by Piraeus Bank (5.74 percent), Marfin Investment Group (5 percent), Motor Oil (3.78 percent), Alpha Bank (3.67 percent) and National Bank (3.09 percent). A total of 117 stocks headed north, 42 made losses and 44 remaining unchanged. Mathios led the gainers with a 16.67 percent rise, thanks to its excellent first-half data, while Druckfarben posed the biggest losses (down 19.51 percent). Turnover came to 129.1 million euros, up from Thursday’s 105 million.