Stocks inch up in slow trade

Kathimerini English - - Focus -

The lo­cal stock mar­ket saw lit­tle rea­son to buy into yes­ter­day’s news of the coun­try’s of­fi­cial re­turn to growth, with the weak mo­men­tum abat­ing but tak­ing the bench­mark just over 890 points while trad­ing vol­ume ended at the low­est level of the last seven ses­sions.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 890.74 points, adding 0.81 per­cent to Thurs­day’s 883.54 points. On a weekly ba­sis it de­clined by 2.17 per­cent.

The large-cap FTSE/ATHEX 25 in­dex ex­panded 0.88 per­cent to 287.85 points, but the small-cap in­dex con­tracted by 0.59 per­cent.

Most blue chips en­joyed gains, with Hel­lenic Pe­tro­leum ris­ing 4.94 per­cent, Pi­raeus Port Au­thor­ity climb­ing 4.84 per­cent, El­lak­tor adding 4.17 per­cent and Terna En­ergy ad­vanc­ing 4.08 per­cent. Banks had a qui­eter day, rang­ing from Al­pha’s 1.21 per­cent in­crease to Na­tional’s stag­na­tion at 1.70 euros. Jumbo fell 4.11 per­cent.

In to­tal 65 stocks re­ported growth, 34 suf­fered losses and 22 ended un­changed.

Turnover amounted to just 58.7 mil­lion euros, down from Thurs­day’s 90 mil­lion.

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