The international unrest on financial markets, with the raging trade war, and the recent rally of stocks on the local bourse led traders to rake in recent gains, especially in bank stocks on Friday. However that did not stop the benchmark from registering another week of growth, the fourth in a row, just one session before the end of the year’s first quarter.
The Athens Exchange (ATHEX) general index closed at 1,735.68 points, shedding 0.60% from Thursday’s 1,746.67 points. On a weekly basis it improved 2.27%.
The large-cap FTSE-25 index contracted 0.79%, ending at 4,296.50 points, though mid-caps expanded 0.38%.
The banks index dropped 2.31%, as Eurobank gave up 3.35%, National fell 2.39%, Piraeus parted with 2.21%. Alpha declined 1.22% and Optima lost 0.63%. Cenergy Holdings grew 2.57% and Ellaktor fetched 1.85%, while OTE telecom was down 1.74%.
In total 47 stocks reported gains, 61 sustained losses and 18 remained unchanged.
Turnover amounted to 196.3 million euros, down from Thursday’s €246.8 million.
In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.94% to 238.51 points.