ATHEX: Weak stock rise dashes expectations

The rebound expected in Monday's Greek bourse session was not the meaningful game-changer that had been hoped for and which traders' psychology so desperately needs right now. The sequence of losses may have stopped after six sessions, but the benchmark failed to absorb the positive mood observed on global markets that saw stocks post significant gains at the start of the week.

The Athens Exchange (ATHEX) general index ended at 625.20 points, adding 1.18% to Friday's 617.90 points. The large-cap FTSE 25 index expanded 1.09% to 1,489.58 points.

The banks index earned 1.98%, as Eurobank grew 3.49%, Piraeus advanced 2.26%, National improved 1.26% and Alpha edged up 0.58%.

Ellaktor soared 5.74%, Viohalco jumped 4.29%, Coca-Cola HBC augmented 2.99% and Public Power Corporation collected 2.41%, while Jumbo declined 1.29% and Sarantis parted with 0.58%.


Continue reading on: