Strong end to July on lo­cal stock mar­ket

Kathimerini English - - Focus -

July ended on the Greek bourse with notable gains of 5.43 per­cent, partly thanks to the mod­er­ate rise posted in yes­ter­day’s ses­sion, which min­i­mized the week’s losses. Banks led the way as they re­bounded from a dif­fi­cult week to turn July losses into gains of 2.54 per­cent.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 571.33 points, adding 1.51 per­cent to Thurs­day’s 562.84 points. On a weekly ba­sis it de­clined by just 0.04 per­cent. The large-cap FTSE 25 in­dex ex­panded 1.76 per­cent to end at 1,527.96 points.

The banks in­dex ad­vanced 8.17 per­cent, with Na­tional climb­ing 13.48 per­cent, Pi­raeus in­creas­ing 11.11 per­cent, Al­pha jump­ing 6.63 per­cent and Eurobank grab­bing 3.66 per­cent.

Among other blue chips, Terna En­ergy earned 3.50 per­cent, Folli Fol­lie im­proved 2.71 per­cent and Pi­raeus Port Author­ity gained 1.84 per­cent, while Jumbo con­tracted 3.56 per­cent and Gri­valia Prop­er­ties de­clined 3.48 per­cent.

Ti­tan Ce­ment’s Q2 re­sults is­sued late on Thurs­day pro­duced a mixed re­ac­tion yes­ter­day (up by just 0.59 per­cent).

In to­tal 52 stocks recorded a rise, 28 suf­fered a drop and 11 re­mained un­changed.

Turnover amounted to 38.9 mil­lion eu­ros, just be­low Thurs­day’s 39.2 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change posted a notable growth of 2.06 per­cent to end the month at 67.25 points.

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