National Bank’s shares rebounded strongly, while Alpha Bank and Eurobank also recorded gains. On the other hand, Folli Follie suffered heavy losses after Chinese market authorities suspended trading on the shares of companies controlled by Guo Guangchang, the billionaire chairman of the Fosun Group, which has a 13.58 pct equity stake in the Greek company.
The composite index of the market rose 0.31 pct to end at 578.30 points, off the day’s highs of 588.01 points. The index ended the week with a net loss of 4.82 pct, losing 9.55 pct so far in December and 30 pct in 2015. The Large Cap index eased 0.08 pct and the Mid Cap index ended 0.16 pct lower.
Turnover was a heavy 163.023 million euros in volume of 318,978,001. National Bank (10.43 pct), Alpha Bank (5.85 pct), Piraeus Port (3.65 pct) and OPAP (2.11 pct) scored the biggest percentage gains among blue chip stocks, while PPC (7.64 pct), Folli Follie (6.19 pct) and Mytilineos (5.04 pct) suffered heavy losses.
Among market sectors, Banks (4.27 pct) and Financial Services (1.54 pct) scored the biggest percentage gains of the day, while Commerce (6.19 pct) and Utilities (5.96 pct) suffered heavy losses.
Broadly, decliners led advancers by 58 to 36 with another 22 issues unchanged. Kreka (20 pct), Yalco (19.39 pct) and National Bank (10.43 pct) were top gainers, while Athina (19.48 pct), AEGEK (18.42 pct) and Sidma (17.70 pct) were top losers.