Weekly gains of 3.25 pct for lo­cal bourse bench­mark

Kathimerini English - - Focus -

The lat­est news from Skopje on the prospects of the name deal with Athens be­ing rat­i­fied by law­mak­ers pro­duced a late rally on the Greek stock mar­ket yes­ter­day, send­ing the bench­mark swing­ing from losses to gains de­spite a de­cline in bank stocks.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 635.70 points, adding 0.39 per­cent to Thurs­day’s 633.20 points. On a weekly ba­sis it in­creased 3.25 per­cent.

The large-cap FTSE-25 in­dex con­tracted 1.18 per­cent to 1,665.78 points and the banks’ in­dex de­clined 1.40 per­cent as Deutsche Bank slashed its tar­get prices for three of the Greek sys­temic lenders: Na­tional, which fell 3.39 per­cent yes­ter­day, Al­pha, which con­tracted 1.27 per­cent, and Pi­raeus, which slumped 2.59 per­cent.

In to­tal 46 stocks showed gains, 38 suf­fered losses and 36 stayed put.

Turnover amounted to 42.7 mil­lion eu­ros, down from Thurs­day’s 47.9 mil­lion.

In Ni­cosia the Cyprus Stock Ex­change gen­eral in­dex in­creased 0.58 per­cent to close at 65.51 points.

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