A number of blue chips buoyed the benchmark of the Greek stock market on Monday, helping Athinon Avenue react to international pressure that made other bourses decline on the day. While the majority of Greek stocks ended up on the losing side, the main index notched up minor gains, while turnover was strong, all in the aftermath of the Morningstar DBRS credit rating upgrade for Greece late last Friday.
The Athens Exchange (ATHEX) general index closed at 1,627.94 points, adding 0.04% to Friday’s 1,627.36 points. The large-cap FTSE-25 index also expanded 0.04%, ending at 3,998.94 points.
The banks index contracted 0.15%, as Eurobank dropped 2.61% and Alpha eased 1.36%, while Piraeus grabbed 1.70% and National obtained 1.28%.
Jumbo jumped 2.25% and OTE telecom rose 1.07%, as ElvalHalcor parted with 2.34% and Titan Cement gave up 1.48%.
In total 38 stocks boasted gains, 61 posted losses and 25 remained unchanged.
Turnover amounted to 222.9 million euros, up from last Friday’s €187.9 million.
In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.34% to close at 228.86 points.