Gri­valia stake dom­i­nates quiet day at lo­cal bourse

Kathimerini English - - Focus -

A rather quiet ses­sion at the Greek bourse yes­ter­day saw blue chips head lower while mid-caps went up, as the mar­ket re­mains in search of a clear di­rec­tion.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 825.89 points, shed­ding 0.21 per­cent from Mon­day’s 827.65 points. The large­cap FTSE-26 in­dex con­tracted 0.46 per­cent to 2,153.80 points, but mid­caps out­per­formed again, climb­ing 2.09 per­cent.

The day was dom­i­nated by the sale of 20 per­cent of Gri­valia Prop­er­ties by Eurobank to var­i­ous in­vestors for 178.2 mil­lion eu­ros in to­tal and Fairfax Hold­ings has now raised its stake to 51.4 per­cent. That took daily turnover to 227.6 mil­lion, as the trad­ing vol­ume ex­clud­ing the pack­age amounted to 49.4 mil­lion eu­ros, down from Mon­day’s 53.4 mil­lion, partly due to the US hol­i­day.

In to­tal 79 stocks posted gains, 37 had losses and 27 closed un­changed.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change ad­vanced 0.71 per­cent to 76.82 points.

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