Stocks post 3rd week of gains

Kathimerini English - - Focus -

The ma­jor­ity of Greek stocks headed south at the end of the bourse bench­mark’s third con­sec­u­tive week of gains, al­though blue chips and mid­caps edged up on in­creased turnover. Mon­day’s Euro Work­ing Group is likely to give the mar­ket a good taste of what is to come next week.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 623.35 points, shed­ding just 0.04 per­cent from Thurs­day’s 623.63 points. On a weekly ba­sis it climbed 1.87 per­cent.

The large-cap FTSE 25 in­dex eked out small gains of 0.06 per­cent to 1,683.02 points, while mid-caps ex­panded 1.17 per­cent.

The banks in­dex gave up 0.63 per­cent, with Eurobank fall­ing 3.57 per­cent, Na­tional slid­ing 1.39 per­cent and Pi­raeus shrink­ing 0.51 per­cent, while Al­pha ad­vanced 1.12 per­cent.

METKA out­per­formed with a rise of 1.67 per­cent, fol­lowed by Coca-Cola HBC (up 1.15 per­cent) and Aegean Air (1.14 per­cent). Hel­lenic Petroleum de­creased 2.45 per­cent and Lamda Devel­op­ment con­ceded 2.32 per­cent.

In to­tal 45 stocks posted gains, 60 took losses and 15 re­mained un­changed.

Turnover amounted to 55 mil­lion eu­ros, up from Thurs­day’s 43 mil­lion.

The gen­eral in­dex of the Cyprus Stock Ex­change in Ni­cosia de­clined 0.32 per­cent to close at 65.71 points.

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