Bank stocks pro­pel in­dex over 650 pts in thin trad­ing

Kathimerini English - - Focus -

It may sound para­dox­i­cal, but it took a par­tic­u­larly quiet ses­sion at the Greek stock mar­ket for the bench­mark to top 650 points yes­ter­day, af­ter days of try­ing. Trad­ing vol­ume was the sec­ond low­est so far this year, with some ob­servers at­tribut­ing it to the planned bond of­fer by OPAP that may shift some in­vestors’ at­ten­tion away from the bourse.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 651.25 points, adding 0.41 per­cent to Fri­day’s 648.59 points. The large-cap FTSE 25 in­dex ex­panded 0.66 per­cent to 1,738.91 points.

Banks jumped 2.21 per­cent, with Na­tional ris­ing 3.33 per­cent and Al­pha grow­ing 2.33 per­cent. Aegean Air grabbed 2.91 per­cent while GEK Terna fell 1.75 per­cent.

In to­tal 55 stocks posted gains, 52 reg­is­tered losses and 35 stayed put.

Turnover amounted to just 21.8 mil­lion eu­ros, down from last Fri­day’s 29 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change ad­vanced 0.50 per­cent to 66.82 points.

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