Non-bank stocks keep bourse afloat

Kathimerini English - - Front Page -

The bench­mark of the Athens bourse ended the week on a high, de­spite banks con­tin­u­ing their de­scent. They com­pleted six straight weeks of losses yes­ter­day, to­tal­ing 39.4 per­cent. Turnover dropped, and will likely slide fur­ther on Mon­day due to the hol­i­day on Wall Street, although yes­ter­day’s pos­i­tive de­vel­op­ment con­cern­ing Marinopou­los su­per­mar­kets should give the mar­ket a boost.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 544.76 points, inch­ing up 0.49 per­cent from Thurs­day’s 542.12 points. On a weekly ba­sis it ad­vanced 1.87 per­cent.

The large-cap FTSE 25 in­dex posted mar­ginal gains of 0.01 per­cent to end at 1,452.06 points, while mid­caps rose 0.74 per­cent.

The banks in­dex con­tracted 3.64 per­cent, as Pi­raeus Bank fell 4.97 per­cent, Alpha gave up 4.32 per­cent, Eurobank shrank 3.64 per­cent and Na­tional lost 1.04 per­cent. Non-bank large-caps kept the in­dex in the black, with El­lak­tor grow­ing 6.15 per­cent, Folli Fol­lie jump­ing 5.55 per­cent and EYDAP ris­ing 3.78 per­cent.

In to­tal 45 stocks recorded gains, 47 sus­tained losses and 14 re­mained un­changed.

Turnover amounted to 63.3 mil­lion euros, down from Thurs­day’s 83.8 mil­lion.

In Nicosia the gen­eral in­dex of the Cyprus Stock Ex­change climbed 0.14 per­cent to close at 65.62 points.

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