Stocks inch up in slow trade
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.