Athinon Avenue enjoyed one more day of price growth on Tuesday, the sixth in succession. Its benchmark climbed to highs unseen since April 2011, and the fact that it was the closing auctions that bolstered the blue chips most shows that there is hardly any growth fatigue yet in the market. The so-called “January effect” appears to be in full swing, though banks once again failed to match the pace of the main index.
The Athens Exchange (ATHEX) general index closed at 1,539.48 points, adding 0.56% to Monday’s 1,530.87 points. The large-cap FTSE-25 index expanded 0.53%, ending at 3,758.45 points.
The banks index grew 0.25%, as Eurobank climbed 1.06% and Alpha earned 0.14%, though Optima dropped 0.46%, Piraeus slipped 0.11% and National parted with 0.07%.
Aegean Airlines advanced 5.75%, Titan Cement fetched 3.37% and Jumbo collected 2.22%.
In total 54 stocks secured gains, 55 endured losses and 27 remained unchanged.
Turnover amounted to 109.4 million euros, down from Monday’s €155.3 million.
In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.42% to close at 227.58 points.