Stocks rise on low vol­ume

Kathimerini English - - Front Page -

The Greek stock mar­ket notched up gains on low trad­ing vol­ume for the fourth ses­sion in a row yes­ter­day. The rise was in line with in­ter­na­tional mar­kets while the drop in turnover is nor­mal for the sum­mer hol­i­day sea­son. There were more than twice as many ris­ing stocks as losers, with banks lead­ing the gain­ers.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 548.09 points, adding 2.05 per­cent to Fri­day’s 537.10 points. The large-cap FTSE 25 in­dex ex­panded 2.41 per­cent to end at 1,472.70 points.

The banks in­dex con­tin­ued its growth, gain­ing 4.36 per­cent for a to­tal rise of 21 per­cent in the last four ses­sions. Eurobank climbed 5.71 per­cent and Al­pha in­creased 4.94 per­cent, but they were out­shone by El­lak­tor, which jumped 7.41 per­cent. Hel­lenic Petroleum was the only blue chip to head south, fall­ing 1.10 per­cent.

The news that PPC is pro­ceed­ing with the sep­a­ra­tion of its grid op­er­a­tor (ADMIE), des­tined for pri­va­ti­za­tion, saw the util­ity’s stock soar 6.07 per­cent.

In to­tal 57 stocks posted gains, 25 took losses and 16 closed un­changed.

Turnover amounted to 35.6 mil­lion eu­ros, down from last Fri­day’s 42.1 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change ad­vanced 0.96 per­cent to close at 65.53 points.

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