ATHEX: Weekly losses contained to 1.06 percent

As the year starts to draw to a close many funds have either stopped trading their securities or are engaging in some window dressing, boosting their performance. This serves to explain the growth seen on the local bourse on Friday, after progress in the third review had already been priced in.

The Athens Exchange (ATHEX) general index ended at 740.72 points, adding 1.64 percent to Thursday's 728.76 points. On a weekly basis it declined 1.06 percent.

The large-cap FTSE-26 index expanded 1.67 percent to 1,928.26 points, while small-caps contracted 0.15 percent.

The banks index grew 5.37 percent, with National rising 7.51 percent and Attica advancing 7.14 percent. Lamda Development jumped 8.01 percent.

The blue chip index will be restructured next Friday, with the exit of Attica Bank, Ellaktor and Fourlis, and Terna Energy and EYDAP returning.


Continue reading on: