Seven-month stock slide comes to halt

Kathimerini English - - Focus -

The lo­cal mar­ket’s seven-month slide came to an end in Novem­ber, with the month pro­vid­ing a 5.17 per­cent boost to the bench­mark, which looks more like a cor­rec­tion con­sid­er­ing the pre­vi­ous pe­riod of losses. The growth trend was con­firmed yes­ter­day as traders gave a fi­nal push to the main in­dex, although many ob­servers ar­gue that was lit­tle more than win­dow dress­ing.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 963.19 points, adding 1.29 per­cent to Thurs­day’s 950.95 points. On a weekly ba­sis it con­tracted by 3.20 per­cent.

The large-cap FTSE/ATHEX 25 in­dex ex­panded 1.10 per­cent to 312.96 points yes­ter­day, while mid-caps out­per­formed with gains of 2.84 per­cent.

Folli Fol­lie out­shone its blue chip peers, ad­vanc­ing 6.16 per­cent and nar­rowly beat­ing Mo­tor Oil (up 5.85 per­cent). The OPAP gaming company rose 3.92 per­cent. Pi­raeus Bank con­tracted 2.40 per­cent and In­tralot gave up 1.67 per­cent.

In to­tal 59 stocks re­ported gains, 45 sus­tained losses and 24 re­mained un­changed.

Turnover amounted to 78.7 mil­lion euros, down from Thurs­day’s 84.9 mil­lion.

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