Gains re­duced to a min­i­mum as stock rise loses steam

Kathimerini English - - Focus -

The lo­cal bench­mark rose for the third day in a row yes­ter­day although some im­pres­sive gains chalked up early in the ses­sion mostly evap­o­rated once turnover started pick­ing up. This – along with the 0.37 per­cent de­cline posted by the banks in­dex – sug­gests that the lat­est streak of growth will prob­a­bly be short-lived.

The Athens Ex­change (ATHEX) gen­eral in­dex ended yes­ter­day at 942.70 points, adding 0.37 per­cent to Mon­day’s 939.25 points. The large-cap FTSE/ATHEX 25 in­dex ex­panded 0.25 per­cent to 307.89 points, but small-caps gave up 0.02 per­cent.

Pi­raeus Port Au­thor­ity out­per­formed, adding 6.71 per­cent, with Vio­halco ris­ing 5.32 per­cent and EYDAP climb­ing 5 per­cent. Gri­valia Prop­er­ties lost 1.68 per­cent and Al­pha Bank fell 1.66 per­cent.

In to­tal 71 stocks recorded gains, 37 suf­fered losses and 19 closed un­changed.

Turnover amounted to 61.6 mil­lion euros, down from Mon­day’s 64.5 mil­lion.

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