Standard & Poor’s left Greece’s credit rating and outlook unchanged, while Stoxx announced it will upgrade the Greek stock market from developing to developed as of September 21. Along with the prolonged uncertainty regarding the Middle East war, the local bourse had a rather quiet day on Monday, with minor gains for the main indexes and a reduced turnover. The growth in oil rates served to cap optimism, with the benchmark closing on the day’s low.
The Athens Exchange (ATHEX) general index closed at 2,222.04 points, adding 0.09% to Friday’s 2,220.02 points. The large-cap FTSE-25 index expanded 0.06%, ending at 5,633.11 points.
The banks index declined 0.30%, as National fell 0.60%, Eurobank parted with 0.55%, Bank of Cyprus eased 0.49% and Piraeus slipped 0.19%, while Alpha grabbed 0.53% and Optima obtained 0.22%. Viohalco rose 4.12% and Cenergy Holdings earned 3.43%.
In total 68 stocks boasted gains, 46 posted losses and 11 remained unchanged.
Turnover amounted to €203.4 million, down from last Friday’s €282.1 million.
In Nicosia, the general index of the Cyprus Stock Exchange increased 0.55% to 286.06 points.