OPAP keeps bourse losses to a min­i­mum

Kathimerini English - - Focus -

The Greek boursebench­mark would have fallen much fur­ther yes­ter­day if it weren’t for OPAP. As it was, the Athens Ex­change (ATHEX) didn’t do too badly com­pared to its Euro­pean peers, while the gam­ing com­pany’s stock ac­counted for nearly half of the ses­sion’s in­creased trad­ing vol­ume.

The ATHEX gen­eral in­dex closed at 581.56 points, shed­ding 0.15 per­cent from Tues­day’s 582.45 points. The large-cap FTSE 25 in­dex con­tracted 0.23 per­cent to end at 1,531.37 points.

OPAP soared 7.24 per­cent on news it is with­draw­ing its 1-bil­lioneuro suit against the state and is fo­cus­ing in­stead on the launch of video lot­tery ter­mi­nals (VLTs) fol­low­ing reg­u­la­tory changes. Mo­tor Oil was a dis­tant sec­ond among north­bound blue chips with a 1.38 per­cent in­crease.

Banks con­ceded 1.15 as Pi­raeus fell 1.39 per­cent and Al­pha de­clined 1.32 per­cent. El­lak­tor (down 3.25 per­cent) and Pub­lic Power Cor­po­ra­tion (3.07 per­cent) were the worst per­form­ers of the day among large­caps.

In to­tal 38 stocks recorded gains, 62 posted losses and 24 closed un­changed.

Turnover amounted to 55.5 mil­lion eu­ros, up from Tues­day’s 33.9 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change ad­vanced 0.17 per­cent to close at 66.69 points.

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