Rare day of gains for main stock in­dex

Kathimerini English - - Focus -

The Greek stock mar­ket’s main in­dex ended higher yes­ter­day – some­thing of a rar­ity these days – as bank stocks staged a late turn­around to post gains and off­set losses of some 2 per­cent for the bench­mark. This was partly thanks to re­ports that the Euro­pean Cen­tral Bank will ask lo­cal lenders to in­crease their cap­i­tal con­ser­va­tion buf­fers by 0.625 per­cent next month. Still, most other stocks fell, as did trad­ing vol­ume.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 626.83 points, adding 0.16 per­cent to Wed­nes­day’s 625.83 points. The large-cap FTSE25 in­dex ex­panded 0.35 per­cent to 1,645.12 points, while the small-caps in­dex con­tracted 0.79 per­cent.

The banks in­dex re­bounded 2.20 per­cent, as Pi­raeus jumped 6.36 per­cent, Na­tional rose 6.09 per­cent, Eurobank im­proved 0.97 per­cent and Al­pha in­creased 0.09 per­cent. PPC climbed 4.31 per­cent and Jumbo con­tin­ued its rise (up 4.27 per­cent), as OTE tele­com dropped 2.31 per­cent.

In to­tal 32 stocks posted gains, 54 en­dured losses and 30 closed un­changed.

Turnover amounted to 47.2 mil­lion eu­ros, down from Wed­nes­day’s 50.5 mil­lion.

In Ni­cosia the Cyprus Stock Ex­change gen­eral in­dex de­clined 1.07 per­cent to close at 68.40 per­cent.

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