ADMIE

ATHEX: Greek bourse extends gains while turnover remains high

Athinon Avenue continued to record gains on Tuesday, with the benchmark edging up to a fresh 13-month high, while turnover exceeded 100 million euros again.

The Athens Exchange (ATHEX) general index closed at 845.95 points, adding 0.38 percent to Monday's 842.76 points. The large-cap FTSE-25 index expanded 0.37 percent to end at 2,160.05 points.

ATHEX: Bourse enjoys its best week in four years

The stock market braved its early losses and the drops on most other European bourses to revert to gains by the closing bell on Friday and see its benchmark register monthly gains of 7.37 percent in May. Public Power Corporation and banks led the price rebound, with turnover topping 150 million euros, as the positive momentum that started last Monday continued.

Fears persist of Crete blackout

Concerns from Crete's Deputy Regional Governor Nikos Kalogeris of blackouts this summer put a damper on Thursday's ceremony by the Independent Power Transmission Operator (ADMIE) and the European Investment Bank at the Energy Ministry for the signing of the so-called "small interconnection" linking Crete with the Peloponnese, which is different to the planned Crete-Attica linkup.

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