Bench­mark may have run out of steam

Kathimerini English - - Focus -

The Greek bourse’s bench­mark may have notched up more gains at the start of the week to reach a fresh 28-month high, but the hes­i­tant in­vestor moves through­out the day and the rel­a­tively low trad­ing vol­ume point to the mar­ket wait­ing for news about a bond is­sue by Athens and the like­li­hood that the re­cent rally may have come to an end.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 858.08 points, adding 0.19 per­cent to Fri­day’s 856.47 points. The large-cap FTSE-26 in­dex ex­panded 0.15 per­cent to 2,226.87 points, while mid­caps in­creased a healthy 2.48 per­cent.

Banks had a mixed day, but their in­dex im­proved 0.23 per­cent largely thanks to Pi­raeus that rose 1.16 per­cent. Na­tional grabbed 0.54 per­cent and Al­pha net­ted 0.44 per­cent, as At­tica fell 3.97 per­cent and Eurobank con­tracted 0.97 per­cent.

PPC stood out for its 2.22 per­cent in­crease, and Vio­halco for its 1.35 per­cent de­cline.

In to­tal 65 stocks recorded gains, 40 sus­tained losses and 23 re­mained un­changed.

Turnover amounted to 52.3 mil­lion eu­ros, down from Fri­day’s 66.2 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change ad­vanced 0.49 per­cent to close at 76.14 points.

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