Among the factors boosting activity on the local bourse has been its acquisition by Euronext. [INTIME]
Refineries and banks stocks combined to give the Athens bourse a new boost on Friday, reversing more than half of the losses the benchmark incurred on Tuesday and Wednesday, with the resumption of military action in the Persian Gulf. As banks get ready to issue their second-quarter results – within the next month for most lenders – the sector will remain robust in the medium term, despite any external pressure due to geopolitical developments.
The Euronext Athens (ATHEX) general index closed at 2,513.22 points, adding 0.84% to Thursday’s 2,492.20 points. On a weekly basis, it conceded 0.95%.
The large-cap FTSE-25 index expanded 0.94% to end at 6,390.49 points, though mid-caps contracted 0.13%.
The banks index improved 1.23%, with Alpha up 1.83%, Bank of Cyprus 1.80% and National 1.77%.
