ATHEX: Trading soars due to index rebalancing

The FTSE and Stoxx scale rebalancing dominated proceedings astatine the Greek stock marketplace connected Friday, peculiarly during the closing auctions, sending the day’s turnover soaring, while stocks had a mostly mixed picture. The benchmark recovered some much ground, chiefly thanks to bluish chips, the bulk of stocks closed with gains, while the banks scale and the mid-caps suffered small losses.

The Athens Exchange (ATHEX) wide scale closed astatine 2,030.46 points, adding 0.17% to Thursday’s 2,027.04 points. On a weekly ground it conceded 1.56%.

The large-cap FTSE-25 scale expanded 0.22%, ending astatine 5,112.64 points, though mid-caps contracted 0.46%.

The banks scale besides dropped, by 0.16%, owed to National shedding 2.05%, Optima easing 2.01% and Alpha losing 0.53%, while Bank of Cyprus climbed 2.67%, Eurobank fetched 1.27% and Piraeus improved 0.64%.

In total 63 stocks recorded gains, 47 suffered losses and 16 remained unchanged.

Turnover amounted to 464 cardinal euros, up from Thursday’s €182.9 million.

In Nicosia the wide scale of the Cyprus Stock Exchange accrued 0.29% to 289.35 points.