Bench­mark re­coups all of 2016 losses

Kathimerini English - - Focus -

The Greek bourse passed a ma­jor mile­stone yes­ter­day, cov­er­ing all the losses it had in­curred since the start of the year, thanks to the small rise in the bench­mark at the close and de­spite the drops reg­is­tered by the blue chip and banks in­dices.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 632.51 points, adding 0.21 per­cent to Tues­day’s 631.21 points. On Jan­uary 1 it stood at 631.35 points.

The large-cap FTSE 25 in­dex con­tracted 0.06 per­cent to 1,715.33 points, while mid-caps jumped 1.71 per­cent.

Re­ports about a pos­si­ble con­ven­tion of Greece’s cred­i­tors made the mar­ket rather ner­vous in the morn­ing, with the banks in­dex drop­ping up to 1.89 per­cent be­fore re­cov­er­ing most of its losses to close at mi­nus 0.51 per­cent. Eurobank was down 0.97 per­cent and Pi­raeus fell 0.95 per­cent, while Na­tional rose 0.44 per­cent.

There was a mixed pic­ture among the other large-caps, with Jumbo ris­ing 3.23 per­cent and Hel­lenic Petroleum giv­ing up 3.21 per­cent.

In total 55 stocks recorded gains, 47 sus­tained losses and 10 re­mained un­changed.

Turnover amounted to 76.4 mil­lion eu­ros, down from Tues­day’s 85.1 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change ad­vanced 0.46 per­cent to close at 65.92 points.

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