After four consecutive days of growth, the Greek stock market took a break from its rally, but its benchmark still managed to end up in the black thanks to a late surge that overturned an earlier decline. This five-out-of-five over the week led the main index to a new 10-week high. Traders opted for more selective approaches at the end of the week, given that many investors are closing their books for the year and others opt for some window dressing.
The Athens Exchange (ATHEX) general index closed at 1,456.52 points, adding 0.05% to Thursday’s 1,455.81 points. On a weekly basis it advanced 4.52%, which is the highest weekly growth in over 18 months.
The large-cap FTSE-25 index expanded 0.19%, ending at 3,551.89 points, and the banks index grew 0.60%, with Piraeus rising 1.60%, Alpha grabbing 0.74% and Eurobank improving 0.72%.
In total 50 stocks enjoyed gains, 42 suffered losses and 31 remained unchanged.
Turnover amounted to 118.2 million euros, down from Thursday’s €174.9 million.
In Nicosia, the general index of the Cyprus Stock Exchange increased 0.53% to close at 212.75 points.