Greek stocks end 1.09 pct higher‏

Gazzetta team
Greek stocks end 1.09 pct higher‏
Greek stocks ended higher in the last trading session of a nervous week in the Athens Stock Exchange, with the composite index of the market rising 1.09 pct to end at 649.79 points, off the day’s highs of 652.39 points.

The index ended the week with a net loss of 1.37 pct, losing 7.33 pct so far in November and 21.35 pct from the start of the year.

Investment activity focused on selected blue chip stocks such as PPC, OPAP and Viohalco, while National Bank shares dropped 16.49 pct. The shares of Alpha Bank, Eurobank and Piraeus Bank are temporarily suspended from trading until completion of a reverse split process. Trading will resume in December 3. National Bank’s share will be also suspended from Monday, November 30.

Turnover was a low 26.577 million euros, with volume of 39,895,737. The Large Cap index rose 0.68 pct and the Mid Cap index ended 0.79 pct lower.

PPC (6.67 pct), OPAP (6.42 pct), Aegean Airlines (5.89 pct) and Viohalco (5.0 pct) scored the biggest percentage gains of the day, while National Bank (16.49 pct), Grivalia Properties (3.75 pct) and Motor Oil (1.78 pct) suffered heavy losses.

Among market sectors, Travel (5.51 pct), Utilities (4.96 pct) and Raw Materials (3.62 pct) scored big gains, while Banks (5.39 pct), Real Estate (2.42 pct) and Oil (1.04 pct) suffered losses.

Broadly, advancers led decliners by 62 to 37 with another 18 issues unchanged. Lavipharm (20 pct), Nereus (20 pct) and Yalco (18.45 pct) were top gainers, while Athina (20 pct), Boutaris (17.14 pct) and National Bank (16.49 pct) were top losers.