Non-bank­ing blue chips see in­dex re­bound

Kathimerini English - - Front Page -

The strong re­bound of most blue chips from five days of de­cline last week se­cured gains for the bench­mark in­dex of the lo­cal bourse yes­ter­day, with de­clin­ing stocks out­num­ber­ing those head­ing north by one.

The Athens Ex­change gen­eral in­dex closed at 995.30 points, ex­pand­ing by 1.84 per­cent from Fri­day’s 977.27 points, as it ap­pears that it is close to over­com­ing the 1,000point bar­rier soon. The large-cap FTSE/ATHEX-25 in­dex grew by 1.90 per­cent, end­ing at 334.65 points.

De­spite a gen­eral trend of de­cline in ma­jor Euro­pean bourses, most Greek blue chips showed gains, with the ex­cep­tion of banks. The de­ci­sion to change the tax­a­tion on OPAP punter earn­ings bol­stered the gam­ing com­pany’s stock by 4.87 per­cent, while the up­grad­ing of OTE tele­com’s credit rat­ing by Stan­dard & Poor’s from B- to B+ boosted its price by 2.50 per­cent. They were out­per­formed by Myti­li­neos (up 8.18 per­cent) and Pub­lic Power Cor­po­ra­tion (6.42 per­cent) as en­ergy stocks con­tin­ued their north­ward course. Bank of Cyprus gave up 2.09 per­cent and Na­tional Bank dropped by 1.77 per­cent.

In to­tal 82 stocks went up, 83 posted losses and 19 stayed put. Turnover amounted to 57.3 mil­lion eu­ros, down from last Fri­day’s 65.2 mil­lion.

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