ATHEX: Banks fail to keep index on the rise

While the regular turnover astatine the Greek bourse has consolidated astatine a minimum of 200 cardinal euros connected astir days, Friday’s mean trading volume and the equilibrium betwixt rising and falling stocks painted a alternatively weak representation for those used to stronger enactment successful the past fewer weeks astatine Athinon Avenue, particularly fixed the rising trend crossed astir different eurozone markets. This clip the small emergence of the banks scale did not suffice to take the benchmark retired of the red, but did support the weekly effect successful the black, albeit marginally.

The Athens Exchange (ATHEX) wide scale closed astatine 2,031.81 points, shedding 0.17% from Thursday’s 2,035.21 points. On a weekly ground it precocious 0.07%.

The large-cap FTSE-25 scale contracted 0.11%, ending astatine 5,128.42 points, while the banks scale expanded 0.36%, arsenic Piraeus earned 1.96%, Bank of Cyprus climbed 1.27% and Optima roseate 1.11%, while National eased 0.66%.

In total 48 stocks obtained gains, 58 sustained losses and 20 remained unchanged.

Turnover amounted to €215.9 million, down from Thursday’s €368.5 million.

In Nicosia the wide scale of the Cyprus Stock Exchange accrued 0.16% to 287.95 points.